Yellen calls China meetings ‘productive’ and seeks level playing field

U.S. Treasury Secretary Janet Yellen mentioned on Saturday she had “productive conversations” with Chinese language Vice Premier He Lifeng on the bilateral financial relationship after two days of conferences in China’s southern export hub of Guangzhou.

“The U.S. seeks to create a stage enjoying area for American staff and companies, in addition to deeper cooperation on illicit finance, local weather change and different priorities,” Yellen mentioned in a submit on X.

Her submit didn’t straight point out her high precedence for her 4 day go to to China: to attempt to persuade Chinese language officers to rein in extra manufacturing capability for electrical autos, photo voltaic panels and different clear power know-how which are threatening competing companies within the U.S. and different international locations.