First conversation
US Treasury Secretary Yellen meets China’s Vice President in Zurich
US Treasury Secretary Janet Yellen and Chinese Deputy Prime Minister Liu He met for the first time in Zurich on Wednesday for talks. The US and China “urgently” need close communication on economic issues, Yellen said.
Published: 10 minutes ago
US Treasury Secretary Janet Yellen and China’s Deputy Prime Minister Liu He at their meeting in Zurich.
“Given the complicated global economic outlook, there is an urgent need for the world’s two largest economies to communicate closely on global macroeconomic and financial conditions and to exchange views on how we are responding to various challenges,” said the US Secretary of State and former Federal Reserve Board official. President in front of journalists.
Referring to a meeting between US President Joe Biden and Chinese President Xi Jinping in Bali in November, the US minister stressed the responsibility of the US and China to show that they “can manage their differences”.
Liu He, who also mentioned the meeting between the US and Chinese presidents on the sidelines of a G20 summit in Bali, said he wanted to ensure “serious communication” between the two major powers. Both countries tried to warm up their relations again.
Yellen made a stopover in Zurich before traveling through several African countries. Liu spoke at the World Economic Forum (WEF) in Davos on Tuesday.
Over the past three years, rivalry between the world’s two largest economies has intensified as China has gained power and confidence, raising concerns in the US.
US chief diplomat Antony Blinken will travel to China in early February. This was confirmed by a US official on Tuesday, confirming a trip aimed at defusing high tensions between the two countries.
(SDA)