Dr Yellen said it was critical to keep talking about areas of common interest as well as disagreements. Read more at straitstimes.com.
BEIJING - The United States and China, the world’s two biggest economies, must compete fairly and communicate closely to avoid misunderstandings, US Treasury Secretary Janet Yellen said in Beijing on Saturday.
But it was critical to keep talking about areas of common interest as well as disagreements, she said. She said: “Amid a complicated global economic outlook, there is a pressing need for the two largest economies to closely communicate and exchange views on our responses to various challenges.” Despite talk of US-China economic decoupling, recent data show a trade relationship that is fundamentally solid, with two-way trade hitting US$690 billion last year.
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