Finance

Talks between China & U.S. over economic recovery & cooperation

China’s Vice Premier Liu He & U.S. Treasury Secretary Janet Yellen discussed the economy & cooperation on Wednesday. Yellen talked about the Biden administration’s plans to support a strong economic recovery & cooperation on areas of interest of the U.S. The world’s two largest economies are close trading partners & are concerned to maintain economic relationships. The interest rates of the U.S. central bank are kept low to recover the economy from this pandemic crisis further weakening the U.S. dollar. Today Chinese Yuan stands out to be the strongest making Chinese goods more expensive for American buyers.

Source: CNBC

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