After Yellen’s China trip saw these demands made and missteps avoided, Beijing calls to ‘beef up’ US cooperation
- But despite an upbeat assessment by both sides, rifts still persist and US restrictions will remain in the trade of various goods to China, such as advanced technology
- More frank exchanges between Beijing and Washington also sought, plus enhanced bilateral coordination to address global challenges
03:44
Yellen hails ‘step forward’ in US-China ties despite national security concerns
Beijing urged Washington to remove economic sanctions on Chinese companies and called for joint efforts to address global challenges, in talks with US Treasury Secretary Janet Yellen.
“China’s development is an opportunity, rather than a challenge, to the US. It means benefits, not risks,” the Ministry of Finance said in a statement on Monday to wrap up China’s position in the talks with Yellen during her four-day visit.
“During the talks, China reiterated its requests for the US to remove tariffs, stop containing Chinese companies, ensure fair treatment in bilateral investment, loosen export controls, and lift bans on Xinjiang-related products,” the ministry statement said. “China hopes the US will take concrete measures in response to [Beijing’s] major concerns in bilateral economic relations.
“It is practical, and the correct choice, to beef up bilateral cooperation.”
Yellen said on Sunday in Beijing before her departure that the 10-hour bilateral talks with China’s new economic officials during her visit helped lay the groundwork for surer footing to stabilise the strained relations, and she expected more engagement onward.
