China’s Ministry of Finance expressed hope on Friday for improved economic and trade relations between China and the United States. The ministry emphasized that a trade war or “decoupling” would have no winners, highlighting the importance of constructive outcomes and the US correcting its wrongdoings to return the bilateral relationship to a normal track defined by mutual trust. The statement from the ministry comes as US Treasury Secretary Janet Yellen embarked on her visit to China.
Chinese experts view the ministry’s statement as a reflection of China’s consistent position on China-US ties. They see it as an opportunity for both sides to manage differences and enhance bilateral relations. The statement is also seen as a response to the US’ unilateral principles that have negatively impacted the economic and trade relationship with China.
Zhou Mi, Deputy Director of the Institute of American and Oceania Studies at the Chinese Academy of International Trade and Economic Cooperation, emphasized the mutual interests between China and the US in economic development and the need for cooperation. Through Yellen’s visit and subsequent communications, the Chinese side hopes for constructive outcomes and the US correcting its actions to restore mutual trust and bring bilateral ties back to a normal track.
Yellen’s arrival in Beijing was marked by a significant moment when she and Yang Yingming, Director General of the International Economic Relations Department at the Ministry of Finance, shook hands for nearly 20 seconds, coinciding with the appearance of a rainbow. The symbolic gesture was seen as a reminder to the US that China-US relations can improve when both sides show respect and sincerity.
Yellen’s visit has garnered attention on Chinese social media, with users expressing interest in her chopstick skills demonstrated during a meal at a Yunnan restaurant in Beijing’s Sanlitun area. The positive signs and interactions during Yellen’s visit are expected to contribute to discussions on political, economic, and investment issues between the two countries.
As the discussions unfold, there is hope for progress in improving the China-US relationship and fostering a brighter future for both nations.