In Beijing, Ms Yellen will discuss how the United States views its economic relationship with China. Read more at straitstimes.com.
WASHINGTON - US Treasury Secretary Janet Yellen is set to visit Beijing this week, the United States said on Sunday, marking the second trip by a cabinet official to China sinceMs Yellen is expected to discuss with her counterparts the importance for both countries “to responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges,” said the Treasury Department in a statement.
She will meet with senior Chinese officials and leading US firms, the American spokesman said, without providing specifics. The United States does not expect “significant breakthrough” from this initial trip, but it does aim to build longer-term channels of communication with China, the Treasury official added.“I think the US government is clearly trying to put some floor under the deterioration of the economic relationship,” Mr Edward Alden, a senior fellow at the Council on Foreign Relations told AFP, speaking on the Treasury secretary’s intentions to visit China.
President Joe Biden’s administration is considering a program to restrict certain US outbound investments involving sensitive technology with key national security implications – an issue that has riled Chinese officials. While significant disagreements may not be resolved in a single trip, the US seeks to deepen and increase the frequency of communication with China and to “stabilise the relationship,” avoiding miscommunication and expanding collaboration where possible, the official said.
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Treasury's Yellen to visit China this week to expand communicationsWASHINGTON: US Treasury Secretary Janet Yellen will travel to Beijing from Jul 6 to Jul 9 for meetings with senior Chinese officials on a broad range of issues, including US concerns about a new Chinese counterespion
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