Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Meeting with the U.S.-China Economic and Financial Working Groups

As Prepared for Delivery Vice Minister Liao and Deputy Governor Xuan, thank you for joining us here in Washington. It is a pleasure to host you, and to see you both so soon after my recent trip to China. I am greatly appreciative of you, the Vice Premier, and the Premier for your warm welcomes in Guangzhou and Beijing. Over the past year, we have taken major steps to put the U.S.-China economic relationship on stronger footing. At President Biden’s direction, I have focused on intensifying communication. I’ve met with Vice Premier He three times in the past ten months: last July in Beijing; in November in the San Francisco Bay Area; and earlier this month in Guangzhou. And we’ve established the Economic and Financial Working Groups, which I’m very glad are holding their fourth meetings here in person this week.