US, China need 'tough' conversations, Yellen tells Chinese Premier Li
© Reuters. U.S. Treasury Secretary Janet Yellen attends a press briefing at the Guangdong Zhudao Guest House, in Guangzhou, Guangdong province, China, April 6, 2024. REUTERS/Tingshu WangBEIJING - U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on"a more stable footing" over the past year.
"While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing," Yellen said in prepared remarks."This has not meant ignoring our differences or avoiding tough conversations. It has meant understanding that we can only make progress if we directly and openly communicate with one another."
On Saturday in Guangzhou, Yellen and her main economic counterpart, Vice Premier He Lifeng, agreed to launch a new dialogue focussed on"balanced growth", a forum that Yellen said she intends to use to advocate for a level playing field with China to protect U.S. workers and businesses.
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