{"id":115637,"date":"2021-06-02T02:38:16","date_gmt":"2021-06-02T02:38:16","guid":{"rendered":"https:\/\/fin2me.com\/?p=115637"},"modified":"2021-06-02T02:38:16","modified_gmt":"2021-06-02T02:38:16","slug":"u-s-treasury-secretary-yellen-and-chinas-vice-premier-talk-about-cooperation-and-economic-recovery","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/u-s-treasury-secretary-yellen-and-chinas-vice-premier-talk-about-cooperation-and-economic-recovery\/","title":{"rendered":"U.S. Treasury Secretary Yellen and China&#x27;s vice premier talk about cooperation and economic recovery"},"content":{"rendered":"<ul>\n<li>China&#x27;s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a video call about how the countries&#x27; economic relationship is &quot;very important,&quot; state media said.<\/li>\n<li>Yellen discussed Biden&#x27;s plans to &quot;support a continued strong economic recovery and the importance of cooperating on areas that are in U.S. interests,&quot; the Treasury said.<\/li>\n<li>Last week, Liu spoke with U.S. Trade Representative Katherine Tai for the first time since President Joe Biden took office. <\/li>\n<\/ul>\n<p>BEIJING \u2014 China&#x27;s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe Biden took office.<\/p>\n<p>Both the U.S. and China said the two leaders talked about the economy and cooperation, and &quot;frankly&quot; discussed issues of concern.<\/p>\n<p>Yellen discussed the Biden administration&#x27;s plans to &quot;support a continued strong economic recovery and the importance of cooperating on areas that are in U.S. interests,&quot; the Treasury said in a statement.<\/p>\n<p>Liu and Yellen agreed the two countries&#x27; economic relationship is &quot;very important,&quot; Chinese state media said, according to a CNBC translation. The report said the leaders held a wide-ranging discussion on the macroeconomic situation and multilateral cooperation.<\/p>\n<p>Neither side shared further details on the conversation. The world&#x27;s two largest economies have remained close trading partners despite geopolitical tensions.<\/p>\n<p>The U.S. dollar has been weakening as the U.S. central bank keeps interest rates low to support the economy&#x27;s recovery from the coronavirus pandemic. Partly as a result, the Chinese yuan\u00a0is at its strongest against the greenback in about three years. That makes Chinese goods relatively more expensive for American buyers.<\/p>\n<p>Many economists in China are also concerned about spillover effects from massive U.S. government spending meant to support growth.<\/p>\n<p>Investors have been betting on a recovery, sending commodity prices surging. The rising prices have hit Chinese businesses, prompting the central Chinese government to announce additional support and clamp down on market speculation.<\/p>\n<p>Chinese state media characterized the two leaders&#x27; discussion Wednesday as one bearing an attitude of &quot;mutual respect,&quot; a phrase Beijing often uses when calling for more favorable communication with the U.S.<\/p>\n<p>Last week, Liu spoke with U.S. Trade Representative Katherine Tai for the first time since Biden took office.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/06\/02\/us-treasury-secretary-yellen-chinas-vice-premier-liu-he-hold-call.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#x27;s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a video call about how the countries&#x27; economic relationship is &quot;very important,&quot; state [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":115636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Treasury Secretary Yellen and China&#x27;s vice premier talk about cooperation and economic recovery - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/u-s-treasury-secretary-yellen-and-chinas-vice-premier-talk-about-cooperation-and-economic-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Treasury Secretary Yellen and China&#x27;s vice premier talk about cooperation and economic recovery - Fin2me\" \/>\n<meta property=\"og:description\" content=\"China&#x27;s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a video call about how the countries&#x27; 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