Yellen Says the U.S. and China Will Aim for More Communication

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Yellen Says the U.S. and China Will Aim for More Communication

After 10 hours of meetings with Chinese officials in Beijing, Treasury Secretary Janet L. Yellen announced at a news conference that the two nations would work to improve dialogue despite “significant disagreements.”

The relationship between the United States and the People’s Republic of China is one of the most consequential of our time. As the world’s two largest economies, our nations collectively represent 40 percent of the global economy. The U.S. and China have significant disagreements. Those disagreements need to be communicated clearly and directly. But President Biden and I do not see the relationship between the U.S. and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive. Broadly speaking, I believe that my bilateral meetings, which totaled about 10 hours over two days, served as a step forward in our effort to put the U.S.-China relationship on a surer footing.

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