Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen met in Switzerland last week to manage differences and “prevent competition from becoming anything ever near conflict.”
It was the highest-ranking contact between the two sides since their respective presidents met last November – and it couldn’t be at a better time. Amid all the talk of decoupling, the importance of the US-China relationship looms large.
According to a recent Bloomberg report, trade between the US and China is on track to break records despite heavy talk from Washington politicians of decoupling from the Asian powerhouse. The report says this is “a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington.”
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