WASHINGTON, July 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said she believes the United States and China want to stabilize their economic ties with "candor" and "respect."
"There are challenges, but I believe there is a desire on both sides to stabilize the relationship and to constructively address problems that each of us see in our relationship, to do so frankly, with candor, with respect and to build a productive relationship going forward," she said.
Yellen underscored that Washington was not looking to decouple from the Chinese economy, as Beijing fears, and noted that the United States and China would have almost $700 billion in trade this year, benefiting both sides.
She said China has made many advances in recent years, including addressing a serious pollution problem in Beijing.
"This is one of the most important bilateral relationships and economic and financial relationships that we have," Yellen said.
Persons:
Janet Yellen, Yellen, Antony Blinken, Joe Biden's, John Kerry, Washington, Andrea Shalal, Chris Reese, Leslie Adler
Organizations:
. Treasury, U.S, Thomson
Locations:
United States, China, Beijing, Taiwan, U.S, Washington