The US calls on China for fair rules in economic competition.

Janet Yellen, the US Treasury Secretary, called for fair rules to manage disputes between the world's largest economies during her highly anticipated visit to Beijing. She made her remarks during a meeting with Chinese Premier Li Keqiang, where they discussed finding common ground between the US and China. Yellen emphasized the importance of healthy economic competition, where both countries benefit rather than a winner-takes-all approach. She also urged that US measures to protect national security should be specific.



During the meeting, Li Keqiang expressed optimism that the bilateral relationship between the US and China would ultimately improve, despite the current period of turbulence. He encouraged Chinese businessmen to prepare for difficulties and to "look beyond the horizon."


Yellen's visit to Beijing comes at a time when the US and China are engaged in a tit-for-tat trade war that escalated last year.


After Washington imposed tariffs on Chinese exports worth $250 billion, Beijing retaliated by imposing tariffs on American goods worth $110 billion. This has led to a slowdown in global trade and a threat to the global economy.


At the same time, tensions between the two countries are escalating in other areas, such as human rights, Taiwan's security, and freedom of navigation in the South China Sea. The United States has publicly condemned China for its treatment of the Muslim minority in Xinjiang and announced that it will sell weapons to Taiwan to protect itself from Chinese threats.


In this context, Yellen said that both sides must manage their disputes "in a way that maintains the stability of the bilateral relationship and preserves the safety of the international community." She added that the United States and China "must work together to manage common challenges, such as climate change, terrorism, and the spread of nuclear weapons."


Ultimately, Yellen said she hopes for "healthy economic relations" between the two countrie


Nin added that both sides must "work together to make progress in areas such as trade, investment, and technology."


At the same time, Li Keqiang said China is "ready to work with the United States to achieve balance in bilateral trade and enhance cooperation in areas such as energy, environment, and public health." He added that China "welcomes American investment" and hopes to "improve the business environment" for American companies.


Ultimately, Yellen said she hopes for "healthy economic relations" between the two countries, noting that "cooperation is good for both countries." She added that the United States and China "must work together to manage common challenges, such as climate change, terrorism, and the spread of nuclear weapons."

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