Liu, Yellen in candid talks on economic challenges
Print Edition
CHINESE Vice Premier Liu He held a video conversation with United States Treasury Secretary Janet Yellen at the latter’s request yesterday morning.
The exchange between two came as US President Joe Biden considers lifting some tariffs on imports from China to try and ease soaring inflation.
The world’s two biggest economies are also grappling with COVID-snarled supply chains and rising global energy prices.
The two sides had a pragmatic and candid exchange of views on such topics as the macroeconomic situation and the stability of the global industrial and supply chains. Their exchanges were constructive, Xinhua said.
The two sides agreed that as the world economy is facing severe challenges, it is of great significance to strengthen macro-policy communication and coordination between China and the United States. And jointly maintaining the stability of the global industrial and supply chains is in the interests of both countries and the whole world.
Yellen and Liu “discussed macroeconomic and financial developments in the United States and China, the global economic outlook amid rising commodity prices and food security challenges,” the US Treasury Department said in a readout.
With inflation in the US at 40-year highs, authorities there are rushing to try and find ways to ease price pressures.
Among the options is lifting some of the trade tariffs imposed on China by Biden’s predecessor Donald Trump.
Any decision is likely to come soon as some of the Trump duties are set to expire from today unless renewed.
The Chinese side expressed its concern about issues, including the lifting of additional tariffs on China and sanctions by the US side, and fair treatment of Chinese enterprises.
Asian shares edged higher yesterday morning as signs of easing Sino-US tensions offered some respite to the market’s recent sell-off. A Wall Street Journal report saying Biden will possibly ease tariffs this week in efforts to slow inflation also buoyed sentiment.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
