Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties
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U.S. Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang and highlighted the improvement in relations since her visit to China last year. Yellen stated that while more needs to be done, the bilateral relationship has been put on a more stable footing. The U.S. has restricted China's access to advanced technology, citing concerns about military use, while China accuses the U.S. of trying to constrain its economic development. Yellen's visit aims to build on the fragile stability that has been established. The U.S. and China agreed to hold intensive exchanges on more balanced economic growth and combating money laundering. Yellen also addressed the U.S. relationship with China on the subject of Russia, stating that there has been meaningful progress in cooperation. Yellen also met with Beijing Mayor Yin Yong and emphasized the critical role of local governments in China's economy.



https://abcnews.go.com/International/wireStory/yellen-us-china-relationship-stable-footing-improve-ties-108953483