US Treasury Secretary Janet Yellen meets with Chinese Premier Li Qiang during a visit to Beijing aimed at repairing fractious economic relations.
abc.net.au/news/us-treasury-secretary-janet-yellen-visits-china/102578416Treasury Secretary Janet Yellen has told Chinese Premier Li Qiang that the United States is not seeking "winner-take-all" competition, in a visit to Beijing aimed at stabilising fraught ties.
The US has said it is seeking to "de-risk" from China by limiting the world's second-largest economy's access to advanced technology deemed crucial to Washington's national security. However, Ms Yellen made clear in her public remarks that Washington and its western allies will continue to hit back at what she called China's "unfair economic practices".
"A decoupling of the world's two largest economies would be destabilising for the global economy," Ms Yellen told a meeting with representatives of US business at a session hosted by the American Chamber of Commerce in the capital. "China hopes the US will uphold a rational and pragmatic attitude, meet China halfway, and push China-US relations back on track soon," Mr Li said in a statement after the meeting.Analysts said Ms Yellen's visit could allow for a warming of ties.
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