My conversation with China’s finance chief laid the groundwork for the Biden-Xi meeting: Yellen.

San Francisco, Nov 11 (AP) US Treasury Secretary Janet Yellen said she and her Chinese counterpart agreed to work towards “healthy economic relations” during two-day talks that drew US President Helped lay the groundwork for a productive meeting between Joe Biden and Chinese President Xi Jinping.

Yellen said the two countries disagree on many issues, but she and China’s Vice Premier He Lifeng pledged to work together on global challenges, from debt issues to economic issues related to climate change.

Yellen said the two countries “welcome the goal of a healthy economic relationship that levels the playing field for companies and workers and benefits their people.”

Yellen made her first visit to China as Treasury Secretary in July and now plans to visit China again next year.

Biden and Xi will meet on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco. This will be the first meeting this year between the leaders of the world’s two largest economies.

The finance chiefs of the two countries held talks in San Francisco this week with the aim of making progress on a range of economic and trade issues at a time when competition between them has intensified.

Giving information about the meeting, the Finance Ministry said that both sides agreed to increase dialogue on economic issues and stressed the commitment to maintain economic relations.

AP Simmi Parul


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