US-China cooperation in climate finance 'critical': Yellen

BEIJING: 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.

"Climate change is at the top of the list of global challenges, and the United States and China must work together to address this existential threat," she added. Besides working together on climate, Yellen said in a Friday meeting with Chinese Premier Li Qiang it was also key that Washington and Beijing closely communicate on global economic and financial affairs - while making joint efforts on international challenges such as debt distress.The Treasury chief's high-level meeting with Premier Li had likely"set the tone" for the rest of her visit, said Lyu Xiang, a Sino-US relations expert at the Chinese Academy of Social Sciences.

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