US-China talks direct, productive despite challenges — Yellen

US Treasury Secretary, Janet Yellen has said her visit to Beijing has marked a “step forward” and described the talks as “direct, substantive and productive.”

Yellen spoke at the end of a four-day trip, during which talks were held over issues including climate change in efforts to stabilise relations between the two countries.

However, she admitted the US and China still had “significant disagreements but said both sides had learned more about each other.

“No one visit will solve our challenges overnight, but this trip will help build a resilient and productive channel of communication with China’s new economic team,” she said.

In recent years, the US-China relationship has deteriorated with Issues dividing the country including human rights in Xinjiang and Hong Kong, territorial claims to Taiwan and the South China Sea and Beijing’s growing domination of a host of industries.

Chinese Vice Premier, He Lifeng, who was among those to meet with Yellen, said on Saturday he regretted “unexpected incidents” such as the row over a spy balloon had hurt ties with the United States.

Yellen stressed the need for better communication in order to try and overcome these issues, adding that US President Joe Bien did “not see the relationship between the US and China through the frame of great power conflict.

“We believe that the world is big enough for both of our countries to thrive.”

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