Treasury Secretary Janet Yellen has arrived in China to engage in discussions with high-ranking Chinese officials on trade and economic matters. This visit presents an opportunity for open communication and collaboration to ensure healthy economic competition that benefits American workers and firms while also addressing global challenges and protecting national security, as stated by Yellen herself. (source: UPI)
During her four-day visit, Yellen will meet with Premier Li Qiang to discuss the economic relationship between the United States and China. She will also hold discussions with Vice Premier Liu He and meet with representatives of American businesses in China to better understand their experiences and challenges. Additionally, Yellen plans to attend a dinner with the former governor of the People’s Bank of China. (source: CBS News)
Chinese officials are expected to request the removal of trade tariffs imposed by former President Donald Trump in 2018. Concerns about the Federal Reserve’s interest rate increases, which impact emerging markets, will also be raised by Beijing. This visit aims to allow both sides to express their positions on matters of unilateral or mutual concern. (source: South China Morning Post)
Yellen’s visit follows Secretary of State Antony Blinken’s recent trip to China, where both countries expressed their commitment to stabilizing their relationship. The tensions between the United States and China have been escalating due to issues such as human rights abuses and Beijing’s expansion of influence and territorial claims in the Pacific. (source: UPI)
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