Yellen and International Monetary Fund managing director Kristalina Georgieva arrived separately in Zambia on Sunday to highlight the need for debt reform in Africa. Image: Reuters.
China’s central bank Governor Yi Gang met with US Treasury Secretary Janet Yellen on Wednesday for ‘frank’ and wide-ranging talks on the sidelines of the G20 summit in Bali.
This was Yellen’s first in-person conversation with a top Chinese economic official amid lingering tensions between Washington and Beijing. The meeting follows US President Joe Biden’s three-hour meeting on Monday with Chinese leader Xi Jinping.
The two officials covered issues such as high energy and commodity prices, as well as the macroeconomic outlook in both countries, the US Treasury department said.
The meeting, which lasted two hours, “had a frank, constructive, and positive tone”, said a US Treasury official. “In the context of global challenges, Secretary Yellen and Governor Yi also discussed G20 issues,” the official said.
In the meeting with Yi Gang, Yellen and Treasury officials had said they would seek more clarity on China’s plans to ease its Covid-19 lockdown that have curtailed its growth and restricted its supply chains and how Beijing will deal with problems in its massive property sector.
Yellen also said on Monday that she hoped the meeting would lead to increased economic engagement between the two superpowers.
China's dropping of travel curbs resurrected services activity in January for the first time in five…
The China Aerospace Science and Technology Group is to build the $6.53 million stations amid…
The global depositary receipts listing could even see CATL raise $8 billion if market conditions…
The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng…
The Paris Club of creditor nations is ready to provide financing assurances for Sri Lanka,…
President Xi Jinping warned this week that China must speed up moves to become self-reliant…