U.S. Treasury Secretary Janet Yellen attended a press conference at the U.S. Ambassador’s residence in Beijing on April 8, 2024. She stated that future discussions between the U.S. and China will focus on Beijing’s need to change its policies on industry and the economy. Yellen emphasized the importance of this shift and mentioned previous discussions she had with the Vice Premier.
During her trip to Guangzhou and Beijing, Yellen had conversations with Chinese officials about Beijing’s economic plans, although specific details were not provided. She met with top Chinese officials including Chinese Premier Li Qiang and Chinese Vice Premier He Lifeng.
Yellen highlighted the importance of maintaining open communication to make progress in the bilateral relationship between the U.S. and China. There were agreements made for intensive exchanges on balanced economic growth and cooperation on anti-money laundering efforts.
The Chinese side expressed concerns about U.S. trade restrictions but described the talks as constructive, focusing on economic growth, financial stability, and anti-money laundering. Yellen also met with various Chinese officials, representatives of U.S. businesses, and students during her visit.
This story is still developing, so check back for updates.
U.S. Treasury Secretary Janet Yellen recently concluded a visit to China where she met with top Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng. Yellen emphasized the need for Beijing to shift its policy on industry and the economy during these discussions. Both sides agreed to engage in intensive exchanges on balanced growth in the domestic and global economies, as well as to start Joint Treasury-PBOC Cooperation and Exchange on Anti-Money Laundering. The Chinese side expressed concerns about U.S. trade restrictions but described the talks as constructive, focusing on topics such as financial stability and anti-money laundering. Yellen also engaged with Minister of Finance Lan Fo’an, mayors of Beijing and Guangzhou, U.S. businesses, and students at Peking University during her trip. This story is still developing, with updates to come.
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