The Chinese Ministry of Finance stated in a press release today, Monday, that "China has called on the United States to take practical action in response to its concerns regarding economic sanctions imposed by the White House on Chinese companies, and agreed to keep communication channels open." The ministry emphasized that "China demands the US to stop suppressing Chinese companies, lift the ban on products related to the Xinjiang region, and take concrete steps in response to China's significant concerns regarding economic relations between the two countries."
Beijing believes that "its development is an opportunity, not a risk, for the United States, and enhancing cooperation between China and the US is a realistic necessity and the right choice for both countries."
US Treasury Secretary Janet Yellen stated on Sunday that "the ten hours she spent in bilateral meetings with senior Chinese officials in recent days were direct and productive, helping to stabilize the tense relations," concluding her four-day visit to Beijing.
During Yellen’s visit, China and the US agreed to implement the important understandings reached by the two heads of state in Bali, Indonesia, and to maintain high-level official exchanges in the economic sector and other levels of communication.
