BEIJING, July  9, 2023 (BSS/AFP) - US Treasury Secretary Janet Yellen said 
Sunday that her talks with top Chinese officials have helped put ties on "surer 
footing", as she wrapped up a trip aimed at stabilising fraught relations 
between the two biggest economies.

During her four-day trip -- which came on the heels of US Secretary of 
State Antony Blinken's visit -- Yellen stressed the need for healthy economic 
competition and improved communication, and urged cooperation on the grave 
threat posed by climate change. 

"And on both sides, the sentiment that was expressed is that the world is 
big enough for both of our countries to thrive, to cooperate on shared global 
challenges, to have a meaningful economic relationship and that we needed to 
stabilise our relationship to make sure that we were able to accomplish that," 
Yellen said in an interview with CBS News.

While it did not produce specific breakthroughs, Yellen's trip furthers a 
push by President Joe Biden's administration to steady ties with China.

 Beijing's official Xinhua news agency said Saturday that Yellen's meeting 
with Vice Premier He Lifeng yielded an agreement to "strengthen communication 
and cooperation on addressing global challenges".

 Both sides also agreed to continue exchanges, the readout added.

Yellen said Sunday in Beijing that while there are "significant 
disagreements" between the countries, her talks had been "direct, substantive 
and productive".

 "My bilateral meetings -- which totalled about 10 hours over two days -- 
served as a step forward in our effort to put the US-China relationship on 
surer footing," she said at a news conference at the US Embassy. 

 "I feel confident that we will have more frequent and regular 
communication."
       
       - Sources of tension -
       
 Topping the laundry list of disagreements are Washington's trade curbs, 
which it says are crucial to safeguard national security.

 On Sunday, Yellen said she had stressed that Washington's measures "are not 
used by us to gain economic advantage".

 "These actions are motivated by straightforward national security 
considerations," she said.

 And with the US mulling fresh curbs that could more strictly regulate 
American outbound investment to China, Yellen said any new moves would be 
implemented in a transparent way.

"The objective of my trip was to explain that national security is 
something that we can't compromise about and we will protect, and we will do so 
even if it harms our own narrow economic interests," Yellen told CBS, "but that 
when we take such actions, which do have an effect on the Chinese economy, that 
we will make sure that they are transparent, narrowly targeted and 
well-explained."

 In Beijing she said she had raised serious concerns over what she called 
unfair economic practices by Beijing.

She cited barriers to foreign firms entering the Chinese market as well as 
issues around the protection of intellectual property.

 In an interview aired Sunday on CNN, Biden said he has warned Chinese 
President Xi Jinping on the war in Ukraine. China has avoided criticising 
Russia for the invasion and depicted Moscow as a victim of Western seduction of 
Ukraine, although China has not taken the big step of supplying Russia with 
weapons.

 "I said: Since Russia went into Ukraine, 600 American corporations have 
pulled out of Russia. And you have told me that your economy depends on 
investment from Europe and the United States. And be careful. Be careful," 
Biden said.
       - 'Messaging' a key goal -

 Looking ahead, "any concrete key breakthroughs and major deliverables 
presumably will be reserved for the two top leaders to announce," said Yun Sun, 
director of the China program at the Washington-based Stimson Center.

 "The two sides have not had this level of communications and consultations 
for a number of years," she told AFP.

 Last month, Biden voiced confidence in meeting Chinese leader Xi soon.

 Lindsay Gorman, senior fellow at the German Marshall Fund of the United 
States, added: "I think one underappreciated audience is really US allies and 
partners, both in the region and globally."

 "The main goal for this trip is really a messaging goal," she told AFP.

Among the aims are communicating how Washington considers its economic 
relationship with China, and dispelling the notion that it might embrace "pure 
zero-sum competition" -- while signaling it targets a fairer playing field.

 Overall, China's response towards Yellen's visit appears "more 
enthusiastic" than to Blinken's trip, as he is considered more hawkish, said Wu 
Xinbo, director of the Center for American Studies at Fudan University.

"Yellen is seen as a professional in the eyes of the Chinese, and her 
attitude towards China-US economic and trade relations is relatively rational," 
said Wu.

 Taylor Fravel of the Massachusetts Institute of Technology told AFP: "I 
don't think a single visit or interaction alone can achieve the goal of 
stabilising relations."

 But Yellen's visit and remarks convey support for continued US-China 
economic cooperation, "despite the political frictions in the relationship and 
competitive actions around limiting China's access to certain technologies such 
as semiconductors."