U.S. Treasury Secretary Janet Yellen, left, meets Chinese Premier Li Qiang on the Great Hall of the People in Beijing, China, Sunday, April 7, 2024. Yellen, who arrived in Beijing after beginning her five-day go to in certainly one of China’s main industrial and export hubs, stated the talks would create a construction to change views and attempt to tackle U.S. considerations about manufacturing overcapacity in China.

Tatan Syuflana/AP

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Tatan Syuflana/AP

U.S. Treasury Secretary Janet Yellen, left, meets Chinese Premier Li Qiang on the Great Hall of the People in Beijing, China, Sunday, April 7, 2024. Yellen, who arrived in Beijing after beginning her five-day go to in certainly one of China’s main industrial and export hubs, stated the talks would create a construction to change views and attempt to tackle U.S. considerations about manufacturing overcapacity in China.

Tatan Syuflana/AP

BEIJING — U.S. Treasury Secretary Janet Yellen met Sunday in Beijing with Chinese Premier Li Qiang and despatched a message of mutual cooperation regardless of the nations’ variations.

Yellen got here to China high of thoughts with commerce practices that put American corporations and staff at an unfair aggressive drawback.

In the ornate Fujian room of Great Hall of People constructing simply west of Tiananmen Square, she instructed Li: “While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing.”

“This has not meant ignoring our differences or avoiding tough conversations,” she stated. “It has meant understanding that we can only make progress if we directly and openly communicate with one another.”

Li stated the U.S. media curiosity in Yellen’s go to “shows the high expectation they have … and also the expectation and hope to grow” the U.S.-China relationship.

The assembly comes after the U.S. and China on Saturday agreed to carry “intensive exchanges” on extra balanced financial progress, in keeping with a U.S. assertion issued after Yellen and Chinese Vice Premier He Lifeng held prolonged conferences over two days within the southern metropolis of Guangzhou.

They additionally agreed to begin exchanges on combating cash laundering. It was not instantly clear when and the place the talks would happen.

“As the world’s two largest economies, we have a duty to our own countries and to the world to responsibly manage our complex relationship and to cooperate and show leadership on addressing pressing global challenges,” Yellen stated.

On Sunday, Yellen additionally plans to fulfill with Beijing’s mayor Yin Yong and college students and school at Peking University.