U.S. Treasury Secretary Janet Yellen met Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the two nations try to thaw relations.
Yellen’s first face-to-face meeting with Vice Premier Liu He was the highest-ranking contact between the two countries since their presidents agreed last November to look for areas of potential cooperation.
Liu, for his part, said he was ready to work together to seek common ground between China and the U.S.
“No matter how circumstances change, we should always maintain dialogue and exchanges,” he said.
The meeting comes as the U.S. and Chinese economies grapple with differing, but intertwined challenges on trade, technology and more.
Yellen, in opening remarks in front of reporters, told Liu: “While we have areas of disagreement, and we will convey them directly, we should not allow misunderstandings, particularly those stemming from
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