Current:Home > FinanceYellen says her talks with Chinese finance chief laid groundwork for Biden’s meeting with Xi -Quantum Growth Learning
Yellen says her talks with Chinese finance chief laid groundwork for Biden’s meeting with Xi
View
Date:2025-04-12 22:32:54
SAN FRANCISCO (AP) — U.S. Treasury Secretary Janet Yellen said Friday that she and her Chinese counterpart agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping.
Yellen said many disagreements remain between the two countries, but she and Chinese Vice Premier He Lifeng committed to working together “on global challenges, from debt issues to climate change-related economic issues.”
And both countries, she said, “welcome the objective of a healthy economic relationship that provides a level playing field for companies and workers in both countries and benefits the two peoples.”
Biden and Xi will meet Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, the first engagement in a year between the leaders of the world’s two biggest economies.
Their finance chiefs held talks in San Francisco this week with the aim of making progress on a slew of economic and trade issues at a time when competition has markedly intensified between their countries.
Yellen has met with a host of Chinese officials throughout this year.
In January, she had her first face-to-face meeting with former Vice Premier Liu He in Zurich. She traveled to China in July to discuss economic policies between the nations and urged Chinese government officials to cooperate on climate change and other global challenges and not let sharp disagreements about trade and other irritants derail relations.
___
Hussein reported from Washington.
veryGood! (73297)
Related
- Trump wants to turn the clock on daylight saving time
- Rugby Star Rob Burrow Dead at 41: Prince William and More Pay Tribute
- Novak Djokovic wins his record 370th Slam match but isn’t sure he can continue at the French Open
- Former U.S. soldier charged with homicide, robbery in plot to fund fighting trip to Venezuela
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- No tiger found in Cincinnati so far after report of sighting; zoo tigers 'safe and sound'
- Larry Allen, a Hall of Fame offensive lineman for the Dallas Cowboys, dies suddenly at 52
- Rapper Sean Kingston booked into Florida jail, where he and mother are charged with $1M in fraud
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Biden executive order restricting asylum processing along U.S. border expected on Tuesday
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Brandon McManus released by Commanders days after being accused of sexual assault
- Giant Food stores in D.C. area ban duffel bags to thwart theft
- Tesla, Ford, Jaguar, Volkswagen, among 289,000 vehicles recalled: Check car recalls here
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Novak Djokovic drama among top French Open storylines in final week at Roland Garros
- Fearless Fund blocked from giving grants only to Black women in victory for DEI critics
- Novak Djokovic drama among top French Open storylines in final week at Roland Garros
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
University of Michigan regent’s law office vandalized with pro-Palestinian graffiti
Rodeo Star Spencer Wright's 3-Year-Old Son Levi Dies After Toy Tractor Accident
Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall Street
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
MLB player Tucupita Marcano faces possible lifetime ban for alleged baseball bets, AP source says
Georgia's controversial, Russia-like foreign agent bill becomes law after weeks of protests
Anitta Shares Roller Coaster Experience With Birth Control Side Effects