On April 8th, Chinese Vice Minister of Finance Liao Min briefed the media on the visit of US Treasury Secretary Yellen to China and answered questions from reporters. Liao Min stated that, as agreed by both China and the United States, US Treasury Secretary Yellen will visit China from April 4th to April 9th. During this period, the Chinese side held multi-level and multi-disciplinary talks and exchanges with Finance Minister Yellen. Liao Min emphasized the talks between the leaders of China and the United States in economic and trade, Vice Premier of the State Council He Lifeng, and Finance Minister Yellen. On April 8th, Chinese Vice Minister of Finance Liao Min briefed the media on the visit of US Treasury Secretary Yellen to China and answered questions from reporters. (Photo source: Ministry of Finance) According to Liao Min, both sides have agreed to jointly implement the important consensus of the two heads of state, continuously strengthen communication and cooperation in the economic and financial fields, strive to create a favorable environment for two-way trade and investment activities of enterprises in the two countries, and promote the healthy and stable development of China US economic relations. Regarding the consensus results, both sides reiterated the three points of consensus reached at the San Francisco talks in November last year, namely "strengthening communication," "preventing decoupling," and "addressing common challenges," and reached the following new consensus results: firstly, led by the finance ministries of both countries, exchanges will be held under the framework of the China US Economic Working Group on the issue of balanced economic growth between the two countries and the world; The second is led by the People's Bank of China and the US Department of Treasury, to continue exchanges on topics such as financial stability, sustainable finance, and anti money laundering within the framework of the Financial Working Group. Regarding the macroeconomic situation, China focused on introducing China's economic situation and policies to the United States. The Chinese side pointed out that the Chinese economy maintains healthy and sustainable growth. Last year, the overall Chinese economy continued to maintain a positive momentum of recovery and remains the largest engine of global economic growth. This year, the Chinese economy continues to maintain a positive momentum of recovery and is confident in achieving the annual growth target. Regarding addressing global challenges, the two sides exchanged in-depth views on global challenges such as developing country debt management, World Bank reform, International Monetary Fund governance reform, anti money laundering, and counter-terrorism financing. They agreed to continue to maintain communication and cooperation on relevant issues through multilateral channels. Regarding the concerns of both sides, China has clearly expressed its serious concern over measures such as US sanctions and restrictions on Chinese enterprises, increased tariffs on China, and investment restrictions on China. It has pointed out that these measures harm the legitimate rights and interests of Chinese enterprises and the people, and are not conducive to the well-being of American enterprises and the people. The Chinese side welcomes the statement by the US that it has no intention of seeking decoupling from China, and hopes that the US will take practical action to stop sanctions and restrictions on Chinese enterprises. China has fully responded to the issue of overcapacity raised by the United States. Regarding the next steps, in accordance with the instructions of the leaders of both parties, the working teams of both parties will continue to promote the implementation of consensus under the economic and financial working groups. The fourth meetings of the two working groups are scheduled to be held in mid April in the United States. (Lai Xin She)