The Ministry of Finance Announces the Specific Situation of US Treasury Secretary Yellen's Visit to China

According to the website of the Ministry of Finance on July 10th, relevant officials of the Ministry of Finance answered media inquiries regarding the specific situation of US Treasury Secretary Yellen's visit to China as follows:
The world needs a generally stable Sino US relationship, and whether China and the United States can coexist correctly is related to the future and destiny of humanity.   Both sides agreed to engage in dialogue and coordination between the financial teams of the two countries on macroeconomic policies, economic and trade issues. In order to implement the consensus of the Bali meeting between the two heads of state, as agreed by both China and the United States, US Treasury Secretary Yellen will visit China from July 6th to 9th. During Yellen's visit to China, Li Qiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Premier of the State Council, met on July 7th to exchange views on major issues such as China US relations and China US economic relations. On July 8, He Lifeng, member of the Political Bureau of the Central Committee of the Communist Party of China, Vice Premier of the State Council, and the Chinese leader of Sino US trade and economic cooperation, held a meeting to exchange in-depth views on the economic and financial situation of the two countries and the world, cooperation in addressing common global challenges, and economic issues of mutual concern. The relevant meetings and talks are frank, pragmatic, in-depth, and constructive.
China pointed out during the meeting that a healthy and stable Sino US relationship is not only beneficial to both countries, but also to world peace and development. Mutual respect, peaceful coexistence, and win-win cooperation should be the fundamental and correct way for countries to coexist. I hope that the US side will uphold a rational and pragmatic attitude, work together with China to translate the consensus reached during the Bali meeting between the two heads of state into practical actions, and promote the early return of China US relations to the right track. In terms of the two countries' economies and global common challenges:
Firstly, it illustrates the essence of mutually beneficial and win-win economic relations between China and the United States. As the world's largest developing and developed country, the economic relationship between China and the United States has undergone decades of development, with complementary economic structures and close economic and trade exchanges, forming huge common interests. Both countries benefit from each other's development. The essence of the economic relationship between the two countries is mutual benefit and win-win. China believes that China's development is an opportunity rather than a challenge for the United States, a gain rather than a risk. Strengthening cooperation between China and the United States is a practical need and the right choice for both countries. The US side stated that it does not seek to "decouple" from China, as decoupling from the world's top two economies would be catastrophic for both countries and would also bring instability to the world. The US has no intention of forcing countries to choose sides and stand in line, leading to the fragmentation of the world economy.
The second is to demand that the US take practical action to respond to China's significant concerns about the suppression of US economic sanctions. In recent years, the US has introduced a series of economic sanctions and suppression measures against China, which have damaged the legitimate rights and interests of Chinese market entities and undermined the public opinion foundation of bilateral relations. During the meeting and talks, China reiterated its concerns regarding the lifting of tariffs on China, the cessation of suppression of Chinese enterprises, fair treatment of two-way investment between the two countries, relaxation of export controls on China, and the lifting of the ban on products related to Xinjiang. It is hoped that the United States will take effective action to respond to China's major concerns in the economic relations between the two countries.
The third is to clarify China's position on healthy economic competition. China believes that to achieve healthy economic relations between China and the United States, it is necessary to fully respect the legitimate development rights and interests of all parties, and engage in healthy competition in accordance with market economy principles and WTO rules. Since the reform and opening up,