SAN FRANCISCO - US Treasury Secretary Janet Yellen said on Friday that she and Chinese Vice-Premier He Lifeng agreed to "intensify communication" on economic issues, but warned him to crack down on Chinese companies that supply material support to Russia for its war in Ukraine.
The two "had candid, direct and productive discussions" on issues from US export controls to possible areas of cooperation, including climate change and debt relief for low-income countries, Dr Yellen told a press conference after two days of meetings in San Francisco.
The two held talks ahead of the Asia-Pacific Economic Cooperation (Apec) gathering of leaders in San Francisco from Wednesday to Friday, which will feature a planned meeting between US President Joe Biden and Chinese President Xi Jinping.
Dr Yellen said she accepted an invitation from Mr He, referred to by China's state media as the director of a powerful Communist Party economic body, to return to China in 2024 for a "regular cadence of contact" between the economic leaders.
She emphasised that the US has no desire to decouple its economy from China, but wanted a level playing field for US companies and workers.
"During our discussions, we agreed that in-depth and frank discussions matter, particularly when we disagree," Dr Yellen said.
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