Treasury Secretary Janet Yellen recently visited China and said she believes that the U.S. and Beijing are ready to work together and 'stabilize' their economic relationship.
Yellen told American Public Media's Marketplace before leaving Beijing on Sunday that her visit was a success, saying both sides discussed "significant disagreements."
Treasury Secretary Janet Yellen attends a meeting with Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing on July 8, 2023. "There are challenges, but I believe there is a desire on both sides to stabilize the relationship and to constructively address problems that each of us see in our relationship, to do so frankly, with candor, with respect, and to build a productive relationship going forward," she said.
Treasury Secretary Janet Yellen shakes hands with China's Vice Premier He Lifeng during their meeting in Beijing, Saturday, July 8, 2023. Yellen also said export controls made by the U.S. on China were motivated by national security concerns and to diversify supply chains, not to gain unfair economic advantage.
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