Secretary of the Treasury Janet Yellen said on Thursday that the United States would resume economic talks with China “at an appropriate time,” amid Beijing’s continued sales of its massive stockpile of Treasurys and Washington’s warnings about likely sanctions violation in relation to Russia.
Yellen has stated that the United States and China need to collaborate in “many areas” to solve global challenges such as food security, excessive debt, and climate change. She also added, the good communication of two big countries is the important key for the macroeconomic and the domestic financial situation and within the global economy more widely.
On January 18, Yellen met with Liu He, the Vice Premier of China, to discuss economic policy. Yellen noted that it was a constructive meeting.
While meeting virtually in November, U.S. President Joe Biden and Chinese President Xi Jinping both emphasized the need for greater cooperation.
Yellen’s comments came ahead of a meeting between President Xi and Russian President Vladimir Putin in the spring, as Russia seeks to strengthen ties with China.