Premier Li Qiang met with U.S. Treasury Secretary Yellen at the Great Hall of the People in Beijing on the morning of April 7.
Li Qiang said that under the strategic guidance of the heads of state of the two countries, Sino-US relations have stabilized. President Xi Jinping spoke on the phone with President Biden not long ago, and the two sides agreed to strengthen dialogue, manage differences, promote cooperation, and promote the stable development of Sino-US relations. China hopes that China and the United States will be partners, not opponents, with mutual respect, peaceful coexistence and win-win cooperation. It is hoped that the United States and the Chinese side will move toward each other more, continue to implement the important consensus between the heads of state of the two countries, and make the "San Francisco Vision" a "reality." Li Qiang pointed out that as the two largest economies in the world, China and the United States have deep economic interests, and strengthening economic and trade cooperation is of great significance to the respective development of both sides and to global economic growth. The two sides should strengthen communication and jointly find ways to manage and resolve differences, so as to make Sino-US economic and trade cooperation stable, smooth and efficient, create more tangible benefits for enterprises and people of the two countries, and contribute to the development of the world economy and the improvement of people's livelihood. It is hoped that the United States, together with China, will adhere to the basic principles of a market economy based on fair competition, open cooperation, and refrain from politicizing and securitizing economic and trade issues. It is necessary to look at the issue of production capacity objectively and dialectically from the perspective of market and global vision and from the perspective of economic laws. * * the development of China's new energy industry will make an important contribution to the global green and low-carbon transformation. * * China is willing to strengthen policy coordination with the United States on climate change and other issues to jointly address global challenges. Yellen said that with the joint efforts of both sides, US-China relations have become more stable. As the world's top two largest economies, the United States and China should manage bilateral economic relations responsibly. The US side appreciates the progress made in US-China economic dialogue and cooperation, does not seek to "decouple" with China, and is willing to work with China to implement the important consensus reached at the San Francisco meeting between the heads of state of the two countries, to communicate frankly, to avoid misunderstandings, to deepen exchanges and cooperation, to properly manage differences, to jointly address urgent global challenges, and to promote the stable development of US-China relations.