HomeWorld NewsLaments 'unforeseen events' that soured ties with US: China


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US Treasury Secretary Janet Yellen is on a four-day visit to Beijing. Photo: Reuters

China’s vice premier has said he regrets the ‘unexpected events’ that have soured relations with the US.
According to the AFP news agency, Chinese Vice Premier He Lifeng said this during a conversation with the US Treasury Secretary, who was on a visit to Beijing, on Saturday.
He pointed to the downing of China’s alleged spy balloon in American airspace at the beginning of this year and said, “Unfortunately, due to some unexpected events like the one with the balloon, the meeting between the heads of the two countries agreed upon.” There were problems in implementing the issues.’
It should be noted that the presidents of the United States and China met last year on the occasion of an international conference.
On the other hand, US Treasury Secretary Janet Yellen said on the occasion that Washington and Beijing should discuss “directly” concerns about specific economic practices.
He called for greater cooperation between the two major economies despite the uneven relationship.
The US Treasury Secretary is on a four-day visit to Beijing.
The US is trying to ease tensions in the trade sector between the world’s two largest economies.
In a meeting with Chinese Vice Premier He Leifeng, the US Treasury Secretary pointed to record bilateral trade last year and said it was proof of how closely connected the two countries are.
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The US is trying to ease tensions in the trade sector between the world’s two largest economies. File photo: AFP
The American Treasury Secretary said in a conversation with the Vice Premier of China, “There is plenty of room for our firms to further expand trade and investment.”
“Where we have concerns about certain economic practices, we should and will discuss them directly,” he said.
In her visit, Yellen has been pushing for increased cooperation in areas where the two powers need to work together. He also defends the US move to ‘de-risk’ its economy from China, which Washington sees as unfair treatment of US businesses.
He told a roundtable of experts in China that cooperation between the two powers on climate financing was “crucial”.
‘As the world’s two largest emitters of greenhouse gases and the largest investor in renewable energy, we have a shared responsibility and both have the ability to lead the way.’

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