Li Qiang meets with US Treasury Secretary Yellen in Beijing

Chinese Premier Li Qiang met with visiting US Treasury Secretary Yellen in Beijing.

Reuters reported that Yellen told Li Qiang in her opening remarks that the two countries have the responsibility to manage complex bilateral relations. While much work remains to be done, she believes the bilateral relationship has been put on a more stable footing over the past year.

She added that this does not mean ignoring the differences between the two sides or avoiding difficult conversations, but it means understanding that only direct and open communication between the two sides can make progress.

Yellen arrived in Beijing from Guangzhou yesterday. Chinese Vice Premier He Lifeng has been in Guangzhou over the past two days and held multiple rounds of talks with her. China has expressed serious concerns about the US economic and trade restrictions on China and has made a full response to the production capacity issue. Both parties agreed to continue communication.

Li Qiang said that this year marks the 45th anniversary of the establishment of diplomatic relations between China and the United States, and the relationship between the two countries should develop in a more mature direction; Chinese President Xi Jinping recently had a phone call with U.S. President Biden. The two heads of state agreed that the two sides should strengthen dialogue and manage differences. To promote cooperation and maintain the overall stability of Sino-US relations, China sincerely hopes that the two countries will be partners, not rivals, and should respect each other, coexist peacefully, and cooperate for win-win results; China also hopes that the United States and China will work in both directions and jointly implement the agreements reached by the two heads of state. important consensus to turn San Francisco's vision into reality. He is willing to communicate candidly with Yellen on issues of common concern.

Li Qiang also mentioned that Chinese Vice Premier He Lifeng had good communication with Yellen in Guangzhou over the past two days, candidly and in-depth discussions on some key issues in the Sino-U.S. economic field, and achieved some constructive results. He fully affirmed Yellen and the U.S. representatives team’s work efficiency.

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