Yesterday, Yin Yong, Mayor of Beijing, met with U.S. Treasury Secretary Janet Yellen.

Yin said that China and the U.S. are the world's top two economies. Last November, President Xi Jinping and President Biden held a meeting in San Francisco, where they had a candid and in-depth exchange of views on strategic and overarching issues critical to the direction of China-U.S. relations, and fostered the "San Francisco vision" for China-U.S. relations going into the future. In their recent phone call, the two presidents jointly conveyed a positive message to strengthen dialogue, exchange, and cooperation. Beijing has long had close economic and trade ties with the U.S., and has maintained exchanges and communication with American states and cities including Washington D.C., New York, and California. Beijing will fully implement the important consensus of the two heads of state, further deepen exchanges and cooperation with the U.S. in fields such as economy and trade, urban governance, environmental protection, culture, and tourism, and elevate the mutually beneficial cooperation to new heights. Beijing will continue to build a first-class business environment that is market-oriented, law-based, and up to international standards, and provide quality services to enterprises from the U.S. and other countries seeking to thrive in Beijing.

Yellen said the U.S. values engagement with local governments in China, and is willing to enhance exchanges and cooperation with Beijing, and foster a healthier bilateral economic relationship that benefits both countries.

U.S. Ambassador to China Robert Nicholas Burns, and Mu Peng, Vice Mayor of Beijing and Secretary General of the People's Government of Beijing Municipality, attended the meeting.