BEIJING: US Treasury Secretary Janet Yellen said Sunday that her talks with top Chinese officials have helped put ties on 'surer footing' as she wrapped up a trip aimed at stabilizing fraught relations between the two biggest economies.
During her four-day trip — which came on the heels of US Secretary of State Antony Blinken's visit — Yellen stressed the need for healthy economic competition and improved communication, and urged cooperation on the 'existential threat' posed by climate change.'We believe that the world is big enough for both of our countries to thrive,' she told journalists at the US Embassy in Beijing on Sunday.
And with the US mulling fresh curbs that could more strictly regulate American outbound investment to China, Yellen said any new moves would be implemented in 'a transparent way.''I emphasized that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns,' she said.'I want to allay their fears that we would do something that would have broad-based impacts on the Chinese economy.
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