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US Treasury Secretary Janet Yellen met with Chinese language Premier Li Qiang, the place she boasted about enhancing relations with the communist nation.
After discussing financial and commerce points throughout her go to, Yellen argued that broader US-China relations are shifting ahead.
“Though we’ve far more to do, I imagine that, prior to now yr, we’ve made our bilateral relations extra steady,” Yellen mentioned throughout a gathering within the Fujian Room of the Nice Corridor of the Folks on the West Facet. Saved at degree.” Tiananmen Sq..
Yellen added, “Because the world's two largest economies, we’ve an obligation to our nations and to the world to handle our complicated relationships responsibly and to cooperate and present management to handle severe international challenges.”
In the present day I visited the Forbidden Metropolis in Beijing. Because the capital of China, Beijing has a wealthy historical past, and has a particular significance within the Chinese language financial system and financial future. pic.twitter.com/rSkV9redVW
– Secretary Janet Yellen (@SecYellen) 7 April 2024
In the course of the Trump administration, relations with China entered a interval of decline as he tried to push again the communist nation's path towards international hegemony. Nevertheless, the Biden regime is much extra sympathetic to Beijing than its predecessor.
Treasury Secretary Janet Yellen on China: “Biden and I strongly reject the concept the US ought to disengage from China.” pic.twitter.com/MwoEfjGRUa
– RNC Analysis (@RNCResearch) 5 April 2024
At a press convention on Saturday, Yellen additionally revealed that she had mentioned the subject of the Russian invasion of Ukraine with Chinese language leaders.
“We predict there’s nonetheless much more to do, however I see this as an space the place we’ve agreed to cooperate and we’ve already seen some significant progress,” she mentioned. “They perceive how severe a difficulty that is for us.”
Final yr, Yellen was extensively criticized after bowing to her Chinese language counterpart, which her opponents mentioned was emblematic of her angle towards the Asian superpower.
WATCH: Treasury Secretary Janet Yellen bows as she greets Chinese language Vice Premier He Lifeng in Beijing.
Shameful. pic.twitter.com/ASb7MC35cG
– Steve Visitor (@SteveGuest) 8 July 2023
Since taking workplace in 2021, Yellen has additionally confronted criticism for her feedback about inflation, which she insisted could be “transitory”.
Final month, he mentioned he regretted his selection of phrases, as inflation has develop into a significant challenge affecting most Individuals.
“I'm sorry to say it was fleeting,” she mentioned on the time. “It has subsided, however I feel for most individuals transitory means a couple of weeks or months, and that – it lasts even longer than that.”