US Treasury Secretary and Chinese Vice Premier Hold First Call: "US-China Economic Relations Are Important"

US Treasury: "Will Cooperate with China on Issues Involving US National Interests"

Janet Yellen, U.S. Secretary of the Treasury
Photo by AP Yonhap News

[Asia Economy Reporter Kim Suhwan] U.S. Treasury Secretary Janet Yellen held a video call with Chinese Vice Premier Liu He, and they shared the recognition that the U.S.-China economic relationship is very important.

Major foreign media reported on the 1st (local time) that during the video call with Vice Premier Liu in the morning, Secretary Yellen said, "We exchanged broad views on the macroeconomic situation and multilateral and bilateral cooperation with an attitude of equality and mutual respect, and frankly discussed mutual concerns."

Foreign media added that both the U.S. and China expressed their willingness to maintain communication.

The U.S. Treasury Department stated in a press release that "Secretary Yellen emphasized the Biden administration's need to cooperate with China on matters involving U.S. national interests."

This was the first time Vice Premier Liu spoke with Secretary Yellen since the inauguration of the Joe Biden administration. Liu, China's chief trade negotiator with the U.S., also held his first call last month on the 27th with Katherine Tai, the U.S. Trade Representative (USTR) and chief trade negotiator for the U.S.

Liu He, Vice Premier of China
Photo by EPA Yonhap News

At that time, Vice Premier Liu exchanged views with USTR Tai on current issues, including the U.S.-China Phase One trade agreement.

Regarding this, USTR stated, "Representative Tai conveyed the Biden administration's worker-centered trade policy and key principles across the entire U.S.-China trade relationship, raising concerns and issues."

China's Ministry of Commerce reported that Vice Premier Liu and Representative Tai had frank, practical, and constructive exchanges based on equality and mutual respect.

The Ministry of Commerce also explained that after recognizing the great importance of trade development between the two countries, they exchanged opinions on their respective concerns and agreed to continue communication.

This content was produced with the assistance of AI translation services.