In a significant move to ease economic tensions, Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Janet Yellen held a video conference on Tuesday. The two officials agreed to maintain open communication, manage differences, and work towards stabilizing China-U.S. economic relations during the ongoing political transition period in the United States.
The leaders reviewed the progress of economic exchanges and cooperation between the two nations in recent years. They acknowledged the crucial role of economic and financial working groups, as well as other dialogue mechanisms, in implementing the important consensus reached by the heads of state of China and the U.S.
Vice Premier He Lifeng expressed China’s concerns over U.S. economic and trade restrictions, particularly emphasizing China’s stance on the recent trade investigation initiated by the United States. The discussion aimed at clarifying positions and seeking mutual understanding to prevent further escalations.
According to Xinhua, the conversation was candid, in-depth, and constructive. Both sides underscored the importance of maintaining further communication to manage differences effectively and promote stable economic ties.
The dialogue between He and Yellen reflects a shared commitment to addressing economic challenges collaboratively, signaling hope for improved relations amid global economic uncertainties.
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He Lifeng, Yellen agree to manage transition period differences
cgtn.com
