The United States and China seek to strengthen ties in a “constructive” meeting in Switzerland

US Treasury Secretary, Janet Yellen and Chinese Vice Premier Liu He met on Tuesday, January 15, in Switzerland and held a “sincere, substantive and constructive” conversation on macroeconomic and financial developments, which continues the path of closer relations between the two powers.

The meeting was held “as part of the efforts to deepen communication” and work together to address global challenges and specified that it comes after the meeting between the president Joe Biden and his counterpart Xi Jinping in Bali that was held in November, the Treasury Department reported.

Both officials would share “the responsibility” to demonstrate that China and USA they can manage their differences and “prevent competition from becoming something close to conflict.”

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Yellen and Liu agreed on the importance of sustainable development and enhancing cooperation on climate finance at the bilateral and multilateral levels, within the UN, the G20 and APEC, as well as through support to emerging markets and developing countries. developing in their transition processes towards cleaner energy sources.

Although there are “areas of disagreement”, -reported the Treasury- “we must not allow misunderstandings, particularly those derived from a lack of communication, to unnecessarily worsen our bilateral economic and financial relationship.”

“Secretary Yellen also raised issues of concern in a candid exchange of views. She hopes to travel to China and welcome their counterparts to the United States in the near future,” the note concluded.

Yellen and Liu are in Switzerland to participate in the Davos Forum, a summit of internationally influential political figures and executives from the companies that drive the world economy.