Treasury Secretary Janet Yellen has appealed to China not to let disagreements about trade and other irritants disrupt cooperation on climate change and other global challenges.
U.S. Treasury Secretary Janet Yellen, center, speaks during her meeting with China's Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, Saturday, July 8, 2023. – Treasury Secretary Janet Yellen appealed to China on Saturday for cooperation on climate change and other global challenges and not to let disagreements about trade and other irritants derail relations.
Yellen is one of a series of U.S. officials who are due to visit Beijing as part of efforts to revive relations that are at their lowest level in decades due to disputes over technology, security, and Taiwan among other issues. Beijing broke off climate discussions with Washington last August in retaliation for a visit by then-Speaker Nancy Pelosi of the House of Representatives toPresident Joe Biden’s climate envoy, John Kerry, is due to become the next senior U.S. official to visit China next week.
China, which has lent billions of dollars to governments in Asia and Africa under Xi's Belt and Road Initiative to build ports and other infrastructure, signed on an agreement last month to reduce the debts of Zambia in southern Africa. Treasury officials earlier pointed to that as an area where cooperation produced results.
Yellen defended U.S. curbs on technology exports, repeating a theme she touched on in a meeting Friday with Li, the premier.
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