China Urges ‘Practical’ US Action on Sanctions After Yellen Talks 

US Treasury Secretary Janet Yellen reacts as she leaves a press conference at the US Embassy in Beijing, China, 09 July 2023. (EPA)
US Treasury Secretary Janet Yellen reacts as she leaves a press conference at the US Embassy in Beijing, China, 09 July 2023. (EPA)
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China Urges ‘Practical’ US Action on Sanctions After Yellen Talks 

US Treasury Secretary Janet Yellen reacts as she leaves a press conference at the US Embassy in Beijing, China, 09 July 2023. (EPA)
US Treasury Secretary Janet Yellen reacts as she leaves a press conference at the US Embassy in Beijing, China, 09 July 2023. (EPA)

China on Monday called on the US to take "practical action" in response to its "major concerns" about sanctions on Chinese firms, after US Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing.

China agreed to "maintain high-level exchanges and communication at all levels in the economic field", its finance ministry said in a statement.

But China also "required" the US to "cease the suppression of Chinese enterprises, lift bans on Xinjiang-related products, and take concrete steps to respond to China's major concerns in economic relations between the two countries" the ministry said.

The United States has imposed sanctions on some companies for using forced labor in the far-western region of Xinjiang.

Beijing denies the use of forced labor and any other abuses there.

The ministry said China believed its development was an opportunity rather than a risk to the US and that "strengthening cooperation between China and the United States is a realistic need and the correct choice of the two countries".

Yellen left Beijing on Sunday after a four-day visit, describing her bilateral meetings with senior Chinese officials as "direct, substantive and productive", sentiments echoed in China's summary of the talks.



Iran's President Says Tehran Has to Deal with Washington

Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)
Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)
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Iran's President Says Tehran Has to Deal with Washington

Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)
Iranian President Masoud Pezeshkian speaks to community members, academic figures, tribal sheikhs and officials during his visit, in Basra, Iraq, September 13, 2024. (Reuters)

Iran's President Masoud Pezeshkian said Tehran will not be able to ignore its arch-foe the United States and needs to "handle its enemies with forbearance", state media reported on Tuesday, a week after Donald Trump won the US presidential election.

"Whether we like it or not, we will have to deal with the US in the regional and international arenas, so it is better to manage this relation ourselves," Pezeshkian, who is viewed as relatively moderate, said.

"We have to treat our friends with generosity and handle our enemies with forbearance."

In 2018, then-President Trump ditched Tehran's 2015 nuclear deal with world powers and re-imposed harsh sanctions as part of his "maximum pressure" policy against Iran.

While there have been no reports that the Trump administration plans to hold talks with Tehran after it takes office in January, the President-elect said during his election campaign "I don't want to do damage to Iran but they cannot have nuclear weapons."

Indirect talks between Washington and Tehran to revive the nuclear deal were initiated under the administration of US President Joe Biden, but failed. Iran is still formally part of the deal but has scaled back commitments to honor it due to US sanctions re-imposed on Iran.

Earlier on Tuesday, government spokesperson Fatemeh Mohajerani said Iran will pursue whatever secures its interest, when asked if there could be direct talks with the Trump administration.

She cautioned that the final decision for talks rests with the top political figure Ali Khamenei and the Supreme National Security Council.

"The maximum pressure campaign of Trump has failed, even if people have been burdened by it. What is important will be actions and not words, but we recommend Trump to take into account the failure of his past policies," Mohajerani added.