Yellen says U.S. plans to ‘underscore’ need for China to shift policy

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U.S. Treasury Secretary Janet Yellen visits Peking University on April 7, 2024, as part of a multi-day trip to China.

Pedro Pardo | Afp | Getty Images

BEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing’s need to shift its policy on industry and the economy.

“We intend to underscore the need for a shift in policy during these talks — building on the over two hours I spent on this topic with the Vice Premier last week,” she said in prepared remarks for a press conference Monday, as she wrapped up the fourth and final full day of her trip to China on Monday.

Yellen arrived in Guangzhou on Thursday and is set to depart Beijing on Tuesday.

During her trip, Yellen met with top Chinese officials including Chinese Premier Li Qiang in Beijing and Chinese Vice Premier He Lifeng in Guangzhou.

“Over the past year, we have put our bilateral relationship on more stable footing,” Yellen said in prepared remarks for her meeting with Chinese Premier Li Qiang in Beijing on Sunday.

“This has not meant ignoring our differences or avoiding tough conversations,” she said. “It has meant understanding that we can only make progress if we directly and openly communicate with one another.”

This is a developing story. Please check back for updates.

Sumber: www.cnbc.com

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