Janet Yellen plans to make her first trip to China in the 'near future' as Treasury secretary, according to the treasury department.
Driving the news:The two made time to meet before Yellen flies to Africa. Liu was in Switzerland after addressing the World Economic Forum in Davos on Tuesday, where he urged leaders to avoid a "Cold War mentality."
"During the candid, substantive, and constructive conversation, they exchanged views on macroeconomic and financial developments," according to the treasury department's official readout of the meeting.At the beginning meeting, Yellen laid out areas where the two countries could cooperate more closely. But she also indicated that she wouldn't sugarcoat their differences.
"We should not allow misunderstandings, particularly those stemming from a lack of communication, to unnecessarily worsen our bilateral economic and financial relationship." Liu said : "We have to always bear in mind the bigger picture, try to manage our differences appropriately and seek common ground."As Yellen and Liu discussed the world economy and bilateral relations, business and political leaders held their annual confab in Davos, a few Swiss train connections away.
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