Janet Yellen, Chinese Vice Premier Liu have ‘candid’ talks
-
Loading... - Duleep Rao
- 19 Jan 2023
- 69 Views
- 0 Like
- 0 Comment
The US Treasury said both sides agreed to enhance cooperation on climate change and the economy.
United States Treasury Secretary Janet Yellen has agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a “candid, substantive, and constructive” meeting in Zurich on Wednesday, the Treasury said.
In a statement, the Treasury said both sides agreed to enhance cooperation on climate finance on a bilateral and multilateral basis, such as within the United Nations, the Group of 20 economies and the Asia-Pacific Economic Cooperation.
“While we have areas of disagreement, and we will convey them directly, we should not allow misunderstandings, particularly those stemming from a lack of communication, to unnecessarily worsen our bilateral economic and financial relationship,” Yellen said at the start of the meeting.
Liu said both countries need “serious communication” and coordination on issues including climate change and the economy, and that he was ready for an in-depth exchange.
“We do believe that we have to always bear in mind the bigger picture, try to manage our differences appropriately and seek common ground,” Liu said, speaking through an interpreter. “In this way, hopefully, we can work together to maintain the overall stability of Chinese-US relations.”
US President Joe Biden and Chinese President Xi Jinping pledged to increase communication when they met in Indonesia in November.
“Both sides agreed it is important for the functioning of the global economy to further enhance communication around macroeconomic and financial issues,” the Treasury said after Yellen and Liu met. Read More…
