Xinhua News Agency, Beijing, April 7 (Xinhua) -- Premier Li Qiang of the State Council met with U.S. Treasury Secretary Yellen at the Great Hall of the People in Beijing on the morning of April 7.
Li Qiang said that under the strategic guidance of the two heads of state, Sino-US relations are currently stabilizing. President Xi Jinping had a phone conversation with President Biden not long ago. The two sides agreed to strengthen dialogue, manage differences, promote cooperation, and promote the stable development of Sino-US relations. China hopes that China and the United States can be partners rather than adversaries, with mutual respect, peaceful coexistence, and win-win cooperation. It is hoped that the United States and China will meet more halfway, continue to implement the important consensus reached by the two heads of state, and make the "San Francisco Vision" a "reality."
Li Qiang pointed out that as the world's top two economies, China and the United States have deeply intertwined economic interests, and strengthening economic and trade cooperation is of great significance to both sides' respective development and global economic growth. The two sides should strengthen communication and jointly find ways to manage and resolve differences, so that Sino-US economic and trade cooperation can be stable, smooth and efficient, create more benefits for the companies and people of both countries, and contribute to world economic development and improvement of people's livelihood. It is hoped that the United States will work with China to adhere to the basic norms of the market economy of fair competition and open cooperation, and not to politicize or securitize economic and trade issues. Production capacity issues must be viewed objectively and dialectically from a market perspective, a global perspective, and economic laws. The development of China's new energy industry will make an important contribution to the global green and low-carbon transformation. China is willing to strengthen policy coordination with the United States on issues such as addressing climate change and jointly address global challenges.
Yellen said that with the joint efforts of both sides, U.S.-China relations have become more stable. As the world's top two economies, the United States and China should manage bilateral economic relations responsibly. The United States appreciates the progress made in U.S.-China economic dialogue and cooperation and does not seek "decoupling" from China. It is willing to work with China to implement the important consensus reached by the two heads of state at their meeting in San Francisco, communicate candidly, avoid misunderstandings, deepen exchanges and cooperation, properly manage differences, and jointly respond Urgent global challenges promote the stable development of U.S.-China relations.