In a significant move to stabilize Sino-U.S. economic relations during the United States’ political transition period, Chinese Vice Premier He Lifeng held talks via video link with U.S. Treasury Secretary Janet Yellen on Tuesday, as reported by Xinhua.
During the discussion, both leaders agreed to maintain open communication and effectively manage their differences. They emphasized the importance of continuing efforts to stabilize economic ties between China and the United States, recognizing the mutual benefits of cooperation.
He Lifeng and Janet Yellen, as the principal figures in China-U.S. economic and trade affairs, reviewed the progress and experiences of bilateral economic exchanges and cooperation in recent years. They acknowledged the crucial role that economic and financial working groups, along with other dialogue mechanisms, have played in implementing the important consensus reached by the two heads of state.
The Chinese side expressed concerns over U.S. economic and trade restrictions on China, particularly highlighting its position regarding the recent trade investigation initiated by the United States. This underscores ongoing tensions over trade policies and the need for continued dialogue to address such issues.
The video call was described by Xinhua as candid, in-depth, and constructive. Both sides emphasized the importance of maintaining further communication to navigate the complexities of their economic relationship and to foster stability amid political changes.
The commitment from both nations to manage their differences signals a willingness to work collaboratively, which is pivotal for global economic stability. Stakeholders worldwide, including business professionals, investors, and academics, will be closely monitoring the developments arising from this dialogue.
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He Lifeng, Yellen agree to manage transition period differences
cgtn.com
