FX.co ★ Recent US-China talks signal potential improvement in economic relations

In recent high-level talks with US Treasury Secretary Janet Yellen, China’s Vice Premier He Lifeng voiced concerns over the increasing pressure that the US was putting on Chinese companies. A statement on China's State Council website indicated Beijing's apprehension regarding US bilateral investment restrictions, including export controls, sanctions, additional tariffs, and what China describes as the "suppression of Chinese companies" by US authorities. Despite these issues, both nations expressed a shared commitment to steer clear of economic confrontation. They are keen on cultivating "healthy economic relationships" to establish a fair competitive environment, with a mutual goal of enhancing the welfare of both countries. In this delicate diplomatic dance, ambitions for unchecked leadership and dominance could pose significant challenges to fostering a productive partnership. The path forward requires navigating these complexities with a focus on mutual benefits and global economic stability. Previously, Janet Yellen had warned China of potential sanctions for assisting Russia in its military conflict. This warning particularly targets Chinese private companies involved in supplying vital military equipment to Russia.