Treasury Secretary Janet Yellen is set to hold an important series of meetings with China’s vice premier, He Lifeng. The meetings are scheduled to take place on November 9th and 10th in San Francisco, just before the APEC finance ministers meeting.
Fostering Healthy Economic Competition
The U.S. Treasury emphasizes the importance of fostering a healthy economic competition that benefits both sides. However, it also highlights the need for a level playing field that ensures fair treatment for American workers and firms. While the Treasury acknowledges the significance of targeted actions to advance national security and protect human rights, it clarifies that these tools are not used to seek economic advantage.
Collaborating on Global Challenges
In addition to economic matters, the Treasury expresses a desire to collaborate with China on global challenges such as climate change. As the world’s two largest economies, there is a shared responsibility to find ways to work together and establish a more stable global economy.
By engaging in fruitful discussions with China’s vice premier, Secretary Yellen aims to foster cooperation, promote fairness, and address important global issues.