National Bureau of Economic Research

Beijing's commerce minister dismissed as "groundless" U.S. concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue.

The United States and China have agreed to hold "intensive exchanges on balanced growth", the U.S. Treasury Department said in a statement, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.

U.S. Treasury Chief Janet Yellen called on Friday for a "level playing field" between American and Chinese companies, telling officials during a visit to southern China that Beijing's industrial subsidies threatened that balance.

Since U.S. Treasury Secretary Janet Yellen visited Beijing last year, the world's two biggest economies have resumed regular talks and averted major escalations in tensions.

But the countries still trade barbs on economic issues as they battle for superiority in advanced technologies and work to secure critical supply chains.

The United States is "carefully" monitoring China's challenges, U.S. Treasury Secretary Janet Yellen said on Sept. 8, as the slowdown in the world's second largest economy raises concerns for global growth.

Redoubling support for war-stricken Ukraine is the "single best" way to aid the global economy, U.S .Treasury Secretary Janet Yellen said Sunday, along with boosting emerging economies and tackling debt distress.

U.S. Treasury Secretary Janet Yellen has said that her talks with top Chinese officials have helped put ties on "surer footing," as she wrapped up a trip aimed at stabilizing fraught relations between the two biggest economies.

Treasury Secretary Janet Yellen on Sunday said she agreed Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might "respond to unintended consequences" as she ended a visit to Beijing aimed at reviving strained relations.

It is "critical" for Washington and Beijing to keep working together on climate finance, US Treasury Secretary Janet Yellen said Saturday, urging deeper cooperation in addressing the "existential threat" of global warming.

U.S. Treasury Secretary Janet Yellen said in an interview that aired on June 28 she hopes to travel to China to "reestablish contact" with Beijing despite differences between the two countries.