China-US ties: Treasury Secretary Janet Yellen has ‘frank and productive’ discussion with ambassador Xie Feng ahead of Beijing visit

“A healthy and stable Sino-US relationship conforms to the common interests of both countries and is also the common expectation of the international community,” Xie said.

“It is hoped that the US and China will meet each other halfway, fully implement the important consensus of the two heads of state, use actions to eliminate interference, manage differences and strengthen dialogue and cooperation with sincerity … to promote Sino-US relations stabilising and a return to the right track.”

Observers said the long-awaited talks would touch on thorny trade issues, including Washington’s tech restrictions and tariffs on Chinese goods, with the financial departments of both sides finding ways to overcome political obstacles and promote financial cooperation.

Yellen will be the second senior official from US President Joe Biden’s cabinet to visit the Chinese capital, following Secretary of State Antony Blinken’s fence-mending trip in June, when he met Chinese President Xi Jinping and senior diplomats, including Foreign Minister Qin Gang and Wang Yi, director of the Office of the Central Commission for Foreign Affairs.

Yellen’s trip is part of a series of meetings between Chinese and US officials expected this year as a freeze in ties – following an alleged Chinese spy balloon that flew over the US – showed signs of thawing.

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