Yellen, who departs Beijing on Sunday, told a news conference that the US and China remained at odds on a number of issues but expressed confidence that her bilateral meetings, which totalled about 10 hours, had advanced Washington’s efforts to stabilise fraught relations between the world’s two biggest economies.
“The US and China have significant disagreements,” Yellen told reporters at the US Embassy in Beijing, citing her government’s concerns about what she called “unfair economic practices” and Beijing’s recent punitive actions against US firms.
“But President [Joe] Biden and I do not see the relationship between the US and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive,” she said.
Yellen’s four-day visit is Washington’s latest attempt to repair US-China ties, which have been battered over issues from Taiwan to technology and that have drawn allies into their rivalry, affecting companies and trade ties.
US Secretary of State Antony Blinken visited Beijing last month in the first visit by the top US diplomat of the Biden presidency, while climate envoy John Kerry is expected to visit China this month.
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