The United States and China, the world's two biggest economies, must compete fairly and communicate closely to avoid misunderstandings, U.S. Treasury Secretary Janet Yellen said in Beijing on Saturday.
Yellen, continuing her meetings with top Chinese officials, told Vice Premier He Lifeng that a bilateral record for trade set last year despite recent tensions showed there is "ample room for our firms to engage in trade and investment".
Meeting her at the Diaoyutai state guest house, where foreign dignitaries are often received in Beijing, He said he stood ready to work with Yellen. Doing so could "help both sides more fully understand the global economic outlook and make better decisions to strengthen our economies", she said.a trade relationship that is fundamentally solid, with two-way trade hitting $690 billion last year.
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