US Treasury Sec. Janet Yellen is eager to collaborate with China on global difficulties including debt.

Yellen said in prepared remarks for a news conference that she gave ahead of a meeting of the finance ministers and central bankers of the Group of 20 in India that her recent trip to Beijing had helped to stabilize the US-China relationship and that both countries had a duty to work together on issues of international importance. Although she recognized that there is still much work to be done, she saw the trip as a crucial beginning, and she is eager to build on the advancements made in Beijing.
On Sunday, US Treasury Secretary Janet Yellen said she was keen to work with China on matters of mutual interest, such as debt restructuring for underdeveloped countries. She brought up the subject of multilateral development banks should undergo changes before thinking about capital raises.

Yellen said in prepared remarks for a news conference that she gave ahead of a meeting of the finance ministers and central bankers of the Group of 20 in India that her recent trip to Beijing had helped to stabilize the US-China relationship and that both countries had a duty to work together on issues of international importance. Although she recognized that there is still much work to be done, she saw the trip as a crucial beginning, and she is eager to build on the advancements made in Beijing.

There is still a lot of work to do. But I think this trip was a crucial beginning,” Yellen remarked. “I am eager to mobilize more action by building on the foundation we established in Beijing.”