US and China to discuss plans for achieving ‘balanced economic growth’

the two countries in attempting to address economic issues and promote cooperation despite ongoing tensions.

During the discussions, Yellen and He discussed a wide range of economic issues, including global economic recovery, climate change, and trade. They also emphasized the importance of maintaining a level playing field for businesses and enhancing market transparency. The talks were described as constructive and both sides expressed willingness to continue working together to address shared challenges.

The agreement to hold “intensive exchanges on balanced growth” reflects a commitment from both countries to promote sustainable and inclusive economic development. This aligns with the broader goal of achieving balanced growth that benefits all parties involved, rather than one-sided gains. By engaging in regular, high-level discussions, the US and China aim to strengthen their economic ties and mitigate potential conflicts.

The talks in Guangzhou come amid escalating tensions between the United States and China on a range of issues, including trade, technology, and human rights. Despite these challenges, both countries recognize the importance of maintaining open lines of communication to address concerns and find common ground. The discussions in Guangzhou signal a willingness to engage in constructive dialogue and work towards mutually beneficial outcomes.

In addition to economic issues, Yellen and He also discussed the need for collaboration on climate change and environmental protection. Both countries have pledged to take action to reduce greenhouse gas emissions and promote sustainable development. By coordinating efforts on these critical issues, the US and China can contribute to global efforts to address climate change and protect the environment.

Overall, the talks between Yellen and He in Guangzhou underscore the importance of dialogue and cooperation in addressing shared challenges. Despite differences in approach and priorities, both countries recognize the value of working together to promote economic growth, address climate change, and protect the environment. By engaging in intensive exchanges on balanced growth, the United States and China are demonstrating a commitment to finding common ground and advancing mutual interests.