U.S. Treasury Secretary Janet Yellen embarked on a diplomatic mission to Beijing on July 7th with the goal of establishing a harmonious economic relationship between the world’s two largest economies. The visit of Secretary Yellen signifies a warming of relations between the United States and China, following Secretary of State Antony Blinken’s visit to Beijing last month, which marked the first high-level meeting between the two countries after a period of tension.
Experts, such as Andrew Sheng from the University of Hong Kong’s Asia Global Institute, believe that this dialogue between the U.S. and China is crucial for the benefit of the rest of the world. Both sides are actively seeking strategic cooperation to facilitate the smooth operation of their respective economies.
In recent days, China has imposed export restrictions on chipmaking metals and compounds, escalating its technological conflict with the U.S. and Europe. However, before departing for China, Secretary Yellen had a productive discussion with Xie Feng, the Chinese U.S. ambassador, emphasizing the importance of responsible management and direct communication between the two countries.
During her visit, Secretary Yellen will engage in discussions with officials from the People’s Republic of China to address shared concerns and collaborate on global challenges. The U.S. Treasury Department has emphasized the significance of fairness in economic competition with China, highlighting three key priorities: ensuring national security interests and respecting human rights, fostering mutually beneficial growth, and cooperating on issues like climate change and debt distress.
A senior administration official confirmed that the objective of Secretary Yellen’s visit is not to sever economic ties between the U.S. and China. Instead, they seek to maintain a stable trading and investment relationship that benefits both nations and the global economy.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
