According to the official website of the Ministry of Commerce, on the morning of January 18, Liu He, Vice Premier of the State Council and the Chinese leader of the China-US Comprehensive Economic Dialogue, held a half-day meeting with US Treasury Secretary Yellen in Zurich, Switzerland. The two sides discussed issues related to deepening cooperation in the macroeconomic and financial fields. The two sides recognized the importance of sustainable financial cooperation and agreed to strengthen cooperation under bilateral and multilateral frameworks such as the United Nations, G20 and APEC. The two sides agreed to continue to support the green and low-carbon development and economic transformation of emerging markets and developing countries. The Chinese side has expressed concern over the U.S. economic, trade and technology policies towards China, and hopes that the U.S. side will pay attention to the impact of these policies on both sides.
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Sino-US relations, especially the economic and trade relations between China and the United States, are still the most concerned topic in the global economic community. Although the high-level economic officials of the two countries have regular phone calls, this time Yellen and Liu He have a face-to-face meeting in Zurich. The meeting still has special meaning. However, it seems that no special new signal can be interpreted from the official report. Just from Liu He’s statement on common prosperity and planned economy, it can be seen that whether China will stick to a market economy and link itself to the international capital market in the coming time may still be a topic of most concern to international investors.
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