Secretary State Antony Blinken

 Secretary State Antony Blinken

Secretary State Antony Blinken image

Beijing visit  US Treasury Secretary Janet Yellen has said  and marked a "step forward" in efforts to stabilize relations between the two countries.

 At the end of a four-day trip MS. Yellen spoke , during which talks were held over issues and also including climate change.

She represent the talks as "direct, substantive and productive" and said both sides had learned more about each other.

However, she admitted the US and China still had "significant disagreements".

"No one visit will solve our challenges overnight," she said.

"But this trip will help build a resilient and productive channel of communication with China's new economic team."

 In recent years The US-China relationship has deteriorated. Issues dividing the countries include human rights in Xinjiang and Hong Kong, territorial claims to Taiwan and the South China Sea and Beijing's growing domination of a host of industries.

Chinese Vice Premier He Lifeng, who was among those to meet with Ms Yellen, said on Saturday he regretted "unexpected incidents" - such as the row over a spy balloon - had hurt ties with the United States.

Brazil Amazon

Ms Yellen stressed the need for better communication in order to try and overcome these issues, adding that US President Joe Biden did "not see the relationship between the US and China through the frame of great power conflict.

"that the world is big enough for both of our countries to thrive we believe that."

Can 'good cop' Janet Yellen help fix US-China relations?

China tightens Xi Jinping's powers against the West with new law

US hails 'candid' talks on high-stakes China trip

On the issue of economic competition, Ms Yellen said the US sought a "dynamic and healthy global economy that is open, free and fair, not one that is fragmented or forces countries to take sides".

She said any future curbs to business with China would be implemented "in a transparent way" and focus on sectors where the US had "specific national security concerns".

Earlier in the visit, Ms Yellen criticised Beijing's curbs against US firms, including the tightening of controls over exports of two materials crucial to producing computer chips.

The move follows Washington's efforts in the past year to curb Chinese access to some advanced computer chips.

Ms Yellen said the US would fight back against China's "unfair economic practices".

 China's finance ministry said in response that in Trade war there was no winner  "the nature of China-US economic and trade relations is mutually beneficial and win-win".

Ms Yellen urged Beijing to work with the US and support institutions on climate changes and talk about green Climate fund, which was set up to help developing nations adapt to climate change and lessen its effects.

 The second senior Washington  in the last two months The Treasury Secretary  official to visit Beijing.

 In june us Secretary State Antony Blinken visted Beijing  - the highest-ranking Washington official to visit the Chinese capital in almost half a decade.

His sentiments at the end of his trip echoed Ms Yellen's. He said that while there were still major issues between the two countries He said that ,and he  hoped they would have "well communications, well engagement going forward."

However, the next day President Joe Biden referred to Mr Xi as a "dictator" - triggering outrage from Beijing.

in spite of the political tensions, in 2022  for the third year in a row  trade between the two countries .

According to official figures, China exported to Us more than $536bn (£422.3bn) worth of goods last year, while in the other direction around $154bn went of goods went.

Post a Comment