Yellen, Premier Li express hope for US-China cooperation

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US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang expressed hope for US-China cooperation. Yellen emphasized the importance of direct and open communication between the two countries. Li stated that China hopes to be partners with the US, not adversaries. Yellen held meetings in Guangzhou and Beijing, discussing balanced growth and overcapacity concerns. Yellen's visit marks her second visit to China in less than a year. She stressed the need to engage with local officials to understand China's economic future. The Chinese recognize the need to engage on overcapacity and are prepared to explore cooperation on anti-money laundering. The US is concerned about overcapacity in new industries such as electric vehicles and solar energy. Yellen's visit has opened space for progress in US-China relations.

https://borneobulletin.com.bn/yellen-premier-li-express-hope-for-us-china-cooperation/