(9 Jul 2023)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Beijing - 9 July 2023
1. SOUNDBITE (English) Janet Yellen, U.S. Treasury Secretary:
"My objective during this trip has been to establish and deepen relationships with the new economic leadership team in place in Beijing. Our discussions are part of a broader, concerted effort to stabilise the relationship, reduce the risk of misunderstanding and discuss areas of cooperation. Over the past two days I have had the chance to do just that. I've met with Premier Li, Vice Premier He, Finance Minister Liu People's Bank of China Head Pan and other senior officials to discuss important pillars of our economic relationship. These conversations were direct, substantive and productive. We were able to learn more about each other's economies and policy choices, which I believe is vital as the world's two largest economies. Even where we don't see eye to eye, I believe there is clear value in the frank and in-depth discussions we had on the opportunities and challenges in our relationship and the better understanding it gave us of each country's actions and intentions. Broadly speaking, I believe that my bilateral meetings, which totalled about 10 hours over two days, served as a step forward in our effort to put the US-China relationship on a sure footing."
++BLACK FRAMES++
2. SOUNDBITE (English) Janet Yellen, U.S. Treasury Secretary:
"I also raised the importance of ending Russia's brutal and illegal war against Ukraine. As we continue to monitor to monitor the domestic situation in Russia. U.S. support for Ukraine will not change, and I communicated that it is essential that Chinese firms avoid providing Russia with material support or assistance with sanctions evasion."
++BLACK FRAMES++
3. SOUNDBITE (English) Janet Yellen, U.S. Treasury Secretary:
"We also spoke about national security and human rights. I emphasised to my counterparts the necessity of clear and direct communication on the actions we are taking and why we are taking them. Senior level engagement is particularly vital during moments of tension. The U.S. will continue to take targeted actions that are necessary to protect our national security interests and those of our allies. As we do so we adhere to a set of important principles like making sure our national security actions are transparent, narrowly scoped and targeted to clear objectives. Importantly, these actions are motivated by straightforward national security considerations. They are not used by us to gain economic advantage."
++BLACK FRAMES++
4. SOUNDBITE (English) Janet Yellen, U.S. Treasury Secretary:
"Ultimately, what road we go down in our bilateral relationship is a choice that both countries make. And I believe that our two countries must make the right choice for our people and the world, one that advances our shared interest for peace and prosperity."
++BLACK FRAMES++
STORYLINE:
U.S. Treasury Secretary Janet Yellen on Sunday said her trip to Beijing had helped "establish and deepen relationships with the new economic leadership team in place" in China.
"Even where we don't see eye to eye, I believe there is clear value in the frank and in-depth discussions we had on the opportunities and challenges in our relationship and the better understanding it gave us of each country's actions and intentions," she said.
Yellen also said she had spoken to Chinese officials about Russia's invasion of Ukraine, arguing that it was "essential that Chinese firms avoid providing Russia with material support or assistance with sanctions evasion."
AP video by Wayne Zhang
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