Treasury Secretary Janet Yellen will travel to Beijing this week, AP reported. Yellen will meet this week with Chinese officials, U.S. companies doing business in China and with Chinese people and will stay through July 9.
Yellen has frequently said in the past year that she would like to visit China. She says the two nations “can and need to find a way to live together” in spite of their strained relations over geopolitics and economic development.
US Treasury Secretary Janet Yellen from July 6-9
The goal of her visit is to deepen and increase the frequency of communication between the US and China. The treasury secretary’s visit will be more focused on stabilising the global economy and challenging China’s support of Russia in its ongoing land invasion of Ukraine.
Yellen’s trip would follow Secretary of State Antony Blinken’s two-day stop in Beijing in June, the highest-level meetings in China in the past five years. Blinken met with Xi and the two agreed to stabilise deteriorated US-China ties. However, better communication between their militaries could not be agreed upon.
US-China relations: Tensions impacting the superpowers’
There are plenty of tensions impacting the superpowers’ relationship. The discovery of a Chinese surveillance balloon traversing over sensitive areas of the US in February put a damper on her previous travel plans, and further strained relations.
The most recent flareup came after President Joe Biden referred to Chinese President Xi Jinping as a “dictator ” during a campaign fundraiser earlier in June.
Yellen met with her previous Chinese counterpart, Vice Premier Liu He, in January in Switzerland.
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Updated: 03 Jul 2023, 07:23 AM IST
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