U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a "candid, substantive, and constructive" meeting in Zurich on Wednesday, APA reports citing Reuters.
In a statement, it's said that both sides agreed to enhance cooperation on climate finance on a bilateral and multilateral basis, such as within the United Nations, Group of 20 economies and APEC.
While we have areas of disagreement, and we will convey them directly, we should not allow misunderstandings, particularly those stemming from a lack of communication, to unnecessarily worsen our bilateral economic and financial relationship," Yellen said at the start of the meeting.
Liu said both countries need "serious communication" and coordination on issues including climate change and the economy, and that he was ready for an in-depth exchange.
"We do believe that we have to always bear in mind the bigger picture, try to manage our differences appropriately and seek common ground," Liu said, speaking through an interpreter. "In this way, hopefully we can work together to maintain the overall stability of Chinese-U.S. relations."