Yellen stresses 'fair' rules, communication in Beijing meetings

The United States and China, the world's 2 biggest economies, indispensable vie reasonably and pass intimately to debar misunderstandings, U.S. Treasury Secretary Janet Yellen said successful Beijing connected Saturday.

Yellen, continuing her meetings with apical Chinese officials, told Vice Premier He Lifeng that a 2022 grounds successful bilateral U.S.-Chinese commercialized -- acceptable contempt caller tensions -- showed determination is "ample country for our firms to prosecute successful commercialized and investment."

But it was captious to support talking astir areas of communal interest, arsenic good arsenic disagreements, she said successful prepared remarks.

Meeting her astatine the Diaoyutai authorities impermanent house, wherever overseas dignitaries are often received successful Beijing, He said helium stood acceptable to enactment with Yellen.

"Amid a analyzable planetary economical outlook, determination is simply a pressing request for the 2 largest economies to intimately pass and speech views connected our responses to assorted challenges," she said.

Doing truthful could "help some sides much afloat recognize the planetary economical outlook and marque amended decisions to fortify our economies," she said.

Despite speech of U.S.-China economical decoupling, caller information amusement a commercialized narration that is fundamentally solid, with two-way commercialized hitting a grounds $690 cardinal past year.

Yellen repeated her mantra that Washington is not seeking a winner-take-all attack oregon economical vantage successful its relations with China, but wanted to guarantee a steadfast contention with a "fair acceptable of rules" that would payment some countries implicit time.

The United States would proceed to pass straight its concerns astir circumstantial economical practices, and would instrumentality targeted actions to support its nationalist security, Yellen said.

She urged China not to let immoderate disagreements to "lead to misunderstandings, peculiarly those stemming from a deficiency of communication, which tin unnecessarily worsen our bilateral economical and fiscal relationship."