US Treasury Secretary Janet Yellen, who held her first face-to-face meeting with her Chinese counterpart Wednesday, will soon travel to China, Washington said, as the two countries seek to boost contacts.
Yellen “looks forward to travelling to China and to welcoming her counterparts to the United States in the near future,” the US treasury department said following her meeting with Chinese Vice Premier Liu He in Zurich.
That comes just a day after a US official confirmed that US Secretary of State Antony Blinken will visit Beijing on February 5-6, marking the first trip by the top US diplomat in four years.
The planned visits come amid heightened diplomatic efforts to keep high tensions in check between the world’s two largest economies.
Long-simmering disputes between the two countries flared during Donald Trump’s presidency and have continued – if less acutely – under US President Joe Biden.
The United States and China, which are locked in fierce strategic competition, spend more on their militaries than any other nations.
But both Biden and his Chinese counterpart Xi Jinping have said they want to reduce tensions.
When the two leaders met in November on the sidelines of the Group of 20 summit in Bali, both voiced guarded hope at preventing disputes from spiraling out of control.
They pledged “to continue responsibly managing the competition between our two countries and to explore potential areas of cooperation,” the State Department said in November.
Following Yellen’s meeting with Liu on Wednesday, the treasury department said the discussion had been “candid, substantive and constructive.”
The pair had “agreed it is important for the functioning of the global economy to further enhance communication around macroeconomic and financial issues,” it said.
“They also agreed about the importance of sustainable development and that they would enhance cooperation on climate finance on a bilateral and multilateral basis,” it added.
During the meeting, the statement said, Yellen had also “raised issues of concern in a frank exchange of views.”
Yellen, China’s Liu hold ‘candid’, ‘frank’ talksUS Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a ... World News
US Treasury’s Yellen ‘practiced and practiced’ her signature for currency notesUS Treasury Secretary Janet Yellen said she “practiced and practiced” writing the signature that will soon adorn US dollars in order to avoid the ... Life
US Treasury Secretary Yellen to seek info on China’s COVID-19 policy, property crisisUS Treasury Secretary Janet Yellen will seek information on China’s COVID-19 lockdown policies and its troubled property sector during a meeting with ... Economy
Families of detained US citizens urge Blinken to use China trip for their releaseKatherine Swidan, whose son Mark has been imprisoned in China for over 10 years, has not seen even a photograph of him over the last decade. The last ... World News