He Lifeng, Chinese vice premier and Chinese lead person for China-U.S. economic and trade affairs, holds talks with U.S. Secretary of Treasury Janet Yellen, also U.S. lead representative, in Guangzhou, south China's Guangdong Province, April 5, 2024. He Lifeng held several rounds of talks with Yellen here on Friday and Saturday. (Xinhua/Mao Siqian)

He Lifeng, Chinese vice premier and Chinese lead person for China-U.S. economic and trade affairs, held several rounds of talks with U.S. Secretary of Treasury Janet Yellen, also U.S. lead representative, on Friday and Saturday in the city of Guangzhou in south China.

Focusing on the implementation of the important consensus between the two countries' heads of state, the two sides had candid, pragmatic and constructive discussions on the macroeconomic situation of the two countries and the world, the economic relationship between China and the United States, and global challenges.

The two sides agreed to discuss issues such as balanced growth of the United States, China and the global economy, financial stability, sustainable finance, and cooperation in countering money-laundering under the China-U.S. economic and financial working group. The Chinese side expressed grave concern over U.S. economic and trade measures restricting China and responded fully to the issue of production capacity. Both sides agreed to continue to maintain communication.