From CNBC: 2024-04-08 03:21:10

U.S. Treasury Secretary Janet Yellen emphasized the need for China to shift its economic policy during discussions with top Chinese officials, including Premier Li Qiang and Vice Premier He Lifeng. Both countries agreed to collaborate on balanced economic growth and anti-money laundering efforts, paving the way for continued communication and cooperation.

Yellen’s trip to China included meetings with key officials and discussions about Beijing’s economic plans. Despite Chinese concerns about U.S. trade restrictions, both sides committed to maintaining dialogue and cooperation. The talks were described as constructive, focusing on topics like financial stability and anti-money laundering efforts. Yellen also engaged with various groups, including U.S. businesses and students at Peking University.

During her visit, Yellen highlighted the importance of open communication and direct engagement to address challenges in the U.S.-China relationship. Both countries agreed to intensify exchanges on economic growth and anti-money laundering efforts, signaling a commitment to working together on key financial issues. The trip marked a significant step in building a more stable bilateral relationship.

Read more: Yellen says U.S. plans to ‘underscore’ need for China to shift policy