As the confrontation between the United States and China intensifies on the economic front, U.S. Treasury Secretary Yellen and Vice Premier Liu He, who is in charge of China's economy, hold talks in Switzerland to deepen dialogue on macroeconomic and financial issues. We agreed that it is important for the global economy to continue
U.S. Treasury Secretary Yellen and Chinese Vice Premier Liu He held their first face-to-face meeting in Zurich, Switzerland, on the 18th.
This meeting was held following the summit meeting between President Biden and President Xi Jinping in November last year, and Secretary Yellen said, ``Misunderstanding due to lack of communication has unnecessarily deteriorated the economic and financial relationship between the two countries. it shouldn't be," he said.
According to the U.S. Treasury Department, at the meeting, they agreed that it was important for the global economy to deepen dialogue between the two countries on macroeconomic and financial issues.
They also frankly exchanged opinions on issues of concern to the United States and conveyed that Secretary Yellen intends to visit China in the near future.
China's Ministry of Commerce said the talks were constructive, while Vice Premier Liu He expressed concern over US trade and technology policies toward China, while Secretary Yellen hoped to visit China at an appropriate time this year. said to welcome
The U.S. and China are facing an increasingly intense economic confrontation over the U.S.'s export restrictions on semiconductors, and the focus will be on whether concrete progress can be shown in future dialogue.