US Treasury Secretary Yellen calls visit to China constructive

US Treasury Secretary Janet Yellen called her visit to China “constructive.” About this she stated in an interview with CBS News.

“My visit was very constructive. I was warmly welcomed and had a series of very meaningful meetings,” Yellen said.

According to the minister, she spent “nearly 10 hours” of meetings with Vice Premier He Lifen, Premier of the State Council of the People’s Republic of China Li Qiang, and Vice President of the People’s Bank of China, head of the State Department of Foreign Exchange Control Pan Gongsheng.

“We had substantive conversations about the global economy, developments in our own economy, financial markets, and a list of issues that each of us brought up for discussion, and which we agreed to consider in the future,” the US minister said.

Yellen’s visit to China took place from 6 to 9 July. The minister, meeting with Chinese Premier Li Qiang on July 7, said that Washington is committed to healthy competition with China, in which “the winner does not take all,” but both sides benefit. However, the minister criticized Beijing for its recent crackdown on US companies and new export controls on some key minerals.

In addition, at a meeting with Vice Premier of the State Council of China He Lifen on July 8, she notedthat the US and China can interact in a way that neither government would object to. Cooperation between the United States and China, according to her, is necessary as part of global initiatives to combat climate change and provide assistance to poor countries.