Finance ministry says Washington should end ‘suppression’ of Chinese firms after talks with US Treasury Secretary.
July 10, 2023
China has protested US sanctions against its firms [File: Jason Lee/Reuters]
China has called on the United States to take “practical action” in response to its concerns about sanctions on Chinese firms, after US Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing.
China agreed to “maintain high-level exchanges and communication at all levels in the economic field”, its finance ministry said in a statement on Monday.
But China also “required” the US to “cease the suppression of Chinese enterprises, lift bans on Xinjiang-related products, and take concrete steps to respond to China’s major concerns in economic relations between the two countries”, the ministry said.
The United States has imposed sanctions on some companies for using forced labour in the far-western region of Xinjiang.
Beijing denies the use of forced labour and any other abuses there.
The ministry said China believed its development was an opportunity rather than a risk to the US and that “strengthening cooperation between China and the United States is a realistic need and the correct choice of the two countries”.
Yellen left Beijing on Sunday after a four-day visit, describing her bilateral meetings with senior Chinese officials as “direct, substantive and productive“, sentiments echoed in China’s summary of the talks.
Yellen sees progress in US-China ties at end of Beijing visit