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Li Qiang Meets with U.S. Secretary of the Treasury Janet Yellen
2024-04-07 23:00

On the morning of April 7, 2024, Premier Li Qiang of the State Council met with U.S. Secretary of the Treasury Janet Yellen at the Great Hall of the People in Beijing.

Li Qiang said that under the strategic guidance of the two presidents, the current China-U.S. relationship is beginning to stabilize. Not long ago President Xi Jinping spoke with President Joe Biden on the phone, and both sides agreed to strengthen dialogue, manage differences and advance cooperation to promote the steady development of China-U.S. relations. The Chinese side hopes that China and the U.S. will be partners rather than adversaries, and will respect each other, coexist in peace, and pursue win-win cooperation. Li Qiang expressed the hope that the U.S. will further work with China in the same direction, continue to act on the common understandings between the two presidents, and turn the San Francisco vision into reality.

Li Qiang pointed out that as the world's two largest economies, China and the U.S. have deeply intertwined economic interests. Closer trade and economic cooperation is of great importance to each other's development and global economic growth. The two sides should strengthen communication to jointly find ways to manage and resolve differences, so as to make China-U.S. trade and economic cooperation stable, smooth and efficient, create more benefits for the enterprises and people of the two countries, and contribute to the world's economic development and improvement of people's livelihoods. Li Qiang expressed the hope that the U.S. will work with China to uphold the basic norms of market economy including fair competition and open cooperation, rather than politicize or impose security implications on economic and trade issues, and view issues of industrial capacity objectively and dialectically from a market-oriented and global perspective and in accordance with the economic laws. The development of China's new energy industry will contribute significantly to the green and low-carbon transition worldwide. China is ready to strengthen policy coordination with the U.S. on climate change and other issues to jointly address global challenges.

Janet Yellen said that with the joint efforts of both sides, the U.S.-China relationship has become more stable. As the world's two largest economies, the U.S. and China should manage bilateral economic relations responsibly. The U.S. side appreciates the progress made in U.S.-China economic dialogue and cooperation, does not seek "decoupling" from China, and stands ready to work with China to implement the important common understandings reached at the two presidents' meeting in San Francisco, communicate candidly, avoid misunderstandings, deepen exchanges and cooperation, properly manage differences, jointly cope with pressing global challenges, and promote the steady development of the U.S.-China relations.

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