(Gandhi Negel Composite Electric) U.S. Treasury Minister Yellen Sunday (July 16) said that she eagerly hopes to cooperate with China in the field of common interests in the United States and China, including debt reorganization for poor countries.But she also shows that it is too early to cancel the US tariffs on China.
The two -day Twenty Group (G20) Treasury Secretary and the Central Bank President Meeting will be held in Negel, Gandhi, Gandhi, India.On the eve of the meeting, Yellen said at a press conference that she visited Beijing earlier to help make Sino -US relations more stable and emphasize that "cooperation in common concern" is the international obligation of China and the United States as the two major economies of the world.
She said: "Last week's visit to the consolidation of Sino -US relations and the establishment of flexible and effective communication channels for communication. At present, there are still many jobs to do, but I think this trip is an important beginning. I am eager to start.It is expected that on the basis of visiting Beijing, we will mobilize further action. "
The debt reorganization in poor countries is one of the areas of cooperation
The debt reorganization for poor countries is one of the areas where Yellen wants to cooperate with China.This is one of Yellen's most important issues at the G20 conference.To make more progress in this regard, China is indispensable.
After many months of negotiations, China agreed to participate in Zambia's debt restructuring agreement with other debt countries on the 23rd last month.Yellen hopes that other debt countries such as Ghana, Ethiopia, and Sri Lanka can also reach similar agreements with creditor countries.She said: "We should apply the common principles in the Zambian agreement to other countries, not to start from scratch every time, and we have to accelerate action."
The four -year review of the Chinese product tariffs
Yellen pointed out that trade is a field of progress that China and the United States may achieve progress, but it is too early to dismissal tariffs on China and other measures for unfair trade behaviors against China."Over time, it is useful to find a way to ease the situation. We are completing a four -year review of tariffs on Chinese goods.We still worry about these behaviors. "
The Chinese Ministry of Finance issued a statement after Yellen's visit to China, calling on the United States to take substantial actions to improve bilateral relations, including cancellation of extra tariffs and stopping Chinese companies.
Yellen emphasized that the US export control and investment restrictions on China are based on national security considerations, not to decompose with the Chinese economy.She pointed out: "The trade and investment in many fields is no controversial and mutually beneficial."
Yellen also mentioned that during her visit to China, she discussed the slowdown of China's economic rebound with Chinese officials during her visit to China."China is an important importer in many countries in the world, so when China's growth slows down, this will have an impact on many countries -we are seeing this situation. I think they must be urgent to convey at least such information:China's business environment is open and friendly. "
should be established "better banks instead of larger banks"
In response to the efforts of the United States to reduce the global supply chain to China, Yellen said that India is an indispensable partner for the Bayeng government's "Friend-SHORING" policy.After leaving India on Tuesday (18th), she will be transferred to Vietnam Vietnam, another friendly bank outsourced partner country in the United States.
Yellen also said that she hopes that the meeting can make progress in the reform of the World Bank and other multilateral development banks, emphasizing that "we should establish better banks rather than greater banks."She also stated that she hoped that the G20 member states would continue to support the Ukraine War of Resistance, saying that ending the Russian and Ukraine War was "the best thing we can do for the global economy."
