The U.S. Treasury Secretary’s visit is Washington’s latest attempt to repair ties between the world’s two biggest economies
on Saturday to improve economic decision-making and challenged China to join global initiatives to help poorer nations address climate change.
Both sides have downplayed expectations for breakthroughs, while hailing the opportunity for candid, face-to-face diplomacy. Meeting her at the Diaoyutai state guest house where foreign dignitaries are often received, He said he stood ready to work with Yellen. As the U.S. seeks to re-engage at all levels, Beijing has repeatedly told Washington to match words with action, pointing to continued U.S. moves to curb Chinese access to technologies including semiconductors.
Despite talk of U.S.-China economic decoupling, which both countries oppose, data show a fundamentally solid trade relationship, with two-way trade hitting US$690 billion last year.
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