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Yellen To China VP-Misunderstandings Should Not Worsen Econ Relations

US-CHINA

Chinese Vice-Premier Liu He told US Treasury Secretary that there needs to be "serious communication" between the two nations regarding the global economy and climate change, stating that he was ready for an in-depth conversation. Liu: ""We do believe that we have to always bear in mind the bigger picture, try to manage our differences appropriately and seek common ground. In this way, hopefully we can work together to maintain the overall stability of Chinese-US relations."

  • Ahead of the meeting in Zurich, Switzerland, Yellen's official statement read that, "Amid a complicated global economic outlook, there is a pressing need for the two largest economies in the world to closely communicate on global macroeconomic and financial conditions and exchange views on how we are responding to various challenges."
  • Yellen: "While we have areas of disagreement...we should not allow misunderstandings...to unnecessarily worsen our bilateral economic and financial relationship."

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