Janet Yellen says there is “ample room” for US and Chinese companies to boost trade and investment, despite security tensions, during a trip to Beijing aimed at easing friction between the two powers.
Speaking at the Diaoyutai State Guest House in Beijing before meeting Chinese economic tsar He Lifeng on Saturday, the US Treasury secretary said a “wide swath” of the two countries’ economies should be able to interact in ways that were “uncontroversial to both governments”.
“The fact that despite recent tensions we set a record for bilateral trade in 2022 suggests there is ample room for our firms to engage in trade and investment,” Yellen said.
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