US Treasury Secretary Janet Yellen (L) shakes hands with China's Vice Premier He Lifeng in the southern Chinese city of Guangzhou, on April 5, 2024.
After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems.
Beijing also expressed serious concerns about U.S. economic and trade restrictions on China and made a full response to the production capacity issue during the talks, the statement said.
The U.S. Treasury official, who spoke on condition of anonymity, said the balanced growth forum was first proposed in February during an economic working group meeting.
Yellen also said she had warned Chinese firms faced "significant consequences" if they provided material support to Russia's invasion of Ukraine.
Persons:
Janet Yellen, Pedro Pardo, Lifeng, Yellen, Biden, Wendy Cutler
Organizations:
China's, Afp, Getty, Treasury, U.S . Treasury
Locations:
Guangzhou, overcapacity, China, U.S, United States, Xinhua, Beijing, Ukraine