The US has taken “major steps” to stabilise relations with China, Treasury secretary Janet Yellen said as she ended her six-day visit designed to ease tensions with the US’s main economic rival.
During her trip to Guangzhou and Beijing, Yellen met He Lifeng, a key economic official, Li Qiang, President Xi Jinping’s number two, and central bank governor Pan Gongsheng. US officials said talks ranged from Chinese manufacturing overcapacity to the financial stability of the world’s second-biggest economy.
“It is undeniable that the US-China relationship is on a stronger footing today than this time last year,” Yellen said at the conclusion of her second official Treasury visit to China.
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