US, China need ‘tough’ conversations, Yellen tells Chinese premier

April 15, 2024

BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday raised her concerns about China's excess industrial capacity with Chinese Premier Li Qiang, telling him that bilateral relations were now more stable because the two sides can have “tough” discussions. As they began a meeting in Beijing that ran 80 minutes, Li responded that the two countries needed to respect each other and should be partners, not adversaries, adding that “constructive progress” had been made during Yellen's trip.


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