Vice-Premier Liu and the United States Treasury Secretary Janet Yellen met in Zurich to consider how to improve the bilateral relations between China and the US interaction of late. One of their concerns last Wednesday was how to overhaul the bilateral relationship between these nations.

US, China Begin Initial Talks

The focus of the two officials is how Beijing and Washington cooperate, different from the US's actions directed against a competitor., according to China Daily.

From a joint statement from the representatives, they agreed to better interaction for macroeconomic and financial issues in their discussions. One comment from Yellen's face-to-face meeting with Liu is that it covered everything that needs to be clarified.

Either side stressed that the two sides focus on a bilateral and multilateral basis, which are the structures of the United Nations, G20, and Asia-Pacific Economic Cooperation forum.

An invitation was given to the Treasury official to go to Beijing, and both finance and trade representatives are in touch.

China and US Need To Improve Bilateral Ties 

It follows a meeting to the earlier one between Chinese President Xi Jinping and US President Joe Biden held in Bali, Indonesia, in November last year, saying to improve interaction, cites Reuters.

An opinion of Christopher Bovis, an expert on the matter of international business law, stating the impact of the meeting with the Chinese and American officials should not be discounted arbitrarily.

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Described that face-to-face communication as diplomatic means shows the situation's impact in the shadow of all these developments in the 2023 Davos economic forum.

Expressing that the talks will pace how to implement the agenda in the Davos summit. Another is to set the rules of engagement for the current and future collaboration with competing nations as the biggest economies.

In a speech delivered in Davos during the World Economic Forum's annual meeting, Vice-Premier Liu said that a cold war approach would only make things worse, as reported by DW. Beijing says that international cooperation is the key to getting things going, and the Chinese government will open the door wider for others.

Blinken Encouraged To Visit Beijing

The invitation was sent to the US Secretary of State Antony Blinken with plans to coincide with the planned visit's details, remarked the Foreign Ministry Spokesperson Wang Wenbin in a Tuesday statement, per Global Times.

Chinese leaders are concerned over the state of bilateral ties that should be squared out with Washington. These changes are needed to start correcting a global recovery which is needed. These remarks came about after the US-based media reported that Blinker is scheduled to visit Beijing in February to meet with Chinese Foreign Minister Qin Gang.

Wang explained that the relationship with Washington is based on three precepts crucial to a satisfactory interaction. They are mutual respect, coexisting in peace, not a contest, and a mutually beneficial collaboration for both.

Beijing hopes that the White House adopts the right attitude to avoid a losing confrontational contest to gain beneficial returns, not concentrate on useless competitions.

Wang stressed that hope for the normalization of the two leaders could reset the already raucous path set by recent events. Liu and Yellen agreed that China and the US need to improve bilateral ties.

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