Janet Yellen (l) is on a four-day visit to China, which is also intended to increase the use of communication channels between the two countries.
(Photo: dpa)
Beijing US Treasury Secretary Janet Yellen has called for an improvement in US-China relations to jointly address climate change and other global threats. “Climate change is high on the list of global challenges and the United States and China must work together to address this existential threat,” Yellen said in Beijing on Saturday, according to her ministry. At the same time, Yellen called on China to become more involved in climate finance and to support existing instruments such as the climate investment fund and the green climate fund.
Also, with a view to the global economic outlook, there is an urgent need for close exchanges between the two largest economies, Yellen said at a meeting with Chinese Vice Premier He Lifeng. One should not allow differences of opinion due to a lack of communication to lead to misunderstandings that could unnecessarily worsen bilateral economic and financial relations. Yellen advocated “healthy” competition and made it clear that the US would continue to take action to protect national security.
Yellen is staying in China for a total of four days. US Secretary of State Antony Blinken visited the Chinese capital in May. Relations between the two world powers are currently at an all-time low over various issues.
During her visit to China, the US Treasury Secretary also called for responsible interaction between the world’s two largest economies. You have to compete fairly and communicate closely with each other to avoid misunderstandings, Yellen said in Beijing on Saturday. It was important to talk about areas of mutual interest as well as differences of opinion.
More communication can help both sides better understand the global economic outlook and make better decisions to strengthen each other’s economies, Yellen said. She reiterated that the US would not seek economic advantage or outright dominance in relations with China. Rather, it is about healthy competition with fair rules, from which both countries benefit. However, the US would continue to directly communicate concerns about certain economic practices and take targeted action to protect its national security.
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