US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang have emphasized the importance of having difficult conversations to maintain a stable footing in the bilateral relationship between the two economic superpowers. Yellen stated that responsible management of the complex relationship is a duty, as she discussed reining in China's excess factory capacity with the Chinese government.
BEIJING – US Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on April 7 that the ability to have difficult conversations has put the two economic superpowers on “a more stable footing ” over the past year.
“While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing,” she said in prepared remarks. “This has not meant ignoring our differences or avoiding tough conversations. It has meant understanding that we can only make progress if we directly and openly communicate with one another.”
US Treasury Secretary Chinese Premier Stable Footing Bilateral Relationship Economic Superpowers Difficult Conversations Responsible Management Complex Relationship Excess Factory Capacity
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