{"id":162565,"date":"2023-07-08T08:00:00","date_gmt":"2023-07-08T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=921026"},"modified":"2023-07-08T08:00:00","modified_gmt":"2023-07-08T00:00:00","slug":"yellen-appeals-to-china-for-cooperation-on-climate-and-other-global-challenges","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/07\/08\/yellen-appeals-to-china-for-cooperation-on-climate-and-other-global-challenges\/","title":{"rendered":"Yellen appeals to China for cooperation on climate and other global challenges"},"content":{"rendered":"
\"MediaIntel.Asia\"<\/a><\/div>\n

BEIJING (AP) \u2014 Treasury Secretary Janet Yellen appealed to China on Saturday for cooperation on climate change and other global challenges and not to let disagreements about trade and other irritants derail relations.
\nIn a meeting with her Chinese counterpart, Vice Premier He Lifeng, Yellen defended U.S. restrictions on technology exports that rankle Beijing. She said the two governments shouldn\u2019t let such disagreements disrupt thriving economic and financial relations.
\n\u2033We also face important global challenges, such as debt distress in emerging markets and developing countries and climate change,\u201d Yellen said. \u201cWe have a duty to both our own economies and to other countries to cooperate.\u201d
\nYellen is one of a series of U.S. officials who are due to visit Beijing as part of efforts to revive relations that are at their lowest level in decades due to disputes over technology, security, and Taiwan among other issues.
\nYellen has received a warm welcome from leaders including Premier Li Qiang, the No. 2 figure in the ruling Communist Party, though they gave no sign they will change policies that irk Washington and other governments.
\nTreasury officials said the goal of the trip was to encourage communication and no agreements on big disputes were expected. They said Yellen wasn't scheduled to meet Chinese leader Xi Jinping.
\nU.S. Treasury Secretary Janet Yellen, left, attends a meeting with China's Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, Saturday, July 8, 2023. (Pedro Pardo\/Pool Photo via AP)
\nBeijing broke off climate discussions with Washington last August in retaliation for a visit by then-Speaker Nancy Pelosi of the House of Representatives to Taiwan, the self-ruled island democracy claimed by China as part of its territory.
\nPresident Joe Biden\u2019s climate envoy, John Kerry, is due to become the next senior U.S. official to visit China next week.
\nChina and the United States are the world\u2019s top emitters of climate-changing carbon.
\nHe, who is Xi's top economic adviser and the chief Chinese envoy to the United States on trade and financial issues, said the two governments should return to an agreement reached last November by Biden and Xi to improve relations.
\nStory continues
\n\u2033The two countries should act with a sense of responsibility for history, for the people and for the world,\u201d the vice premier said.
\nHe added that the United States should \u201dadopt a rational and pragmatic attitude and work with China to stay committed to the common understandings\u201d by Xi and Biden.
\nChina, which has lent billions of dollars to governments in Asia and Africa under Xi's Belt and Road Initiative to build ports and other infrastructure, signed on an agreement last month to reduce the debts of Zambia in southern Africa. Treasury officials earlier pointed to that as an area where cooperation produced results.
\nAlso Saturday, Yellen met with the incoming governor of China\u2019s central bank, Pan Gongsheng, and people who work in China\u2019s climate-related finance industry.
\nMeeting with He, Yellen repeated her appeal for \u201chealthy economic cooperation,\u201d a reference to complaints that Beijing violates its free-trade commitments by subsidizing and shielding its companies from competition.
\nYellen defended U.S. curbs on technology exports, repeating a theme she touched on in a meeting Friday with Li, the premier.
\nU.S. limits on Chinese access to processor chips and other technology threaten to delay or derail the ruling party's efforts to develop telecoms, artificial intelligence and other fields. Xi accused Washington in March of trying to hamper China\u2019s development.
\nBeijing has been slow to retaliate, possibly to avoid disrupting its own industries. But this week, the government announced unspecified controls on exports of gallium and germanium, metals used in making semiconductors and solar panels.
\n\u201cThe United States will take targeted actions to protect our national security,\u201d Yellen said. \u201cWhile we may disagree on these actions, we should not allow that disagreement to lead to misunderstandings, particularly those stemming from a lack of communication, which can unnecessarily worsen our bilateral economic and financial relationship.\u201d<\/p>\n

This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING (AP) \u2014 Treasury Secretary Janet Yellen appealed to China on Saturday for cooperation on climate change and other global challenges and not to let disagreements about trade and other irritants derail relations.
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