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Treasury Secretary Janet Yellen to visit China

Secretary of the Treasury Janet Yellen He is scheduled to visit China this week and meet with senior government officials and US companies doing business in China.

Her visit follows a subsequent directive from President Biden. Meeting with President Xi Jinping last year It is to deepen communication between the world’s two largest economies, a senior Treasury official said on Sunday. Yellen has no plans to meet Xi in person, the official said.

But at the June fundraiser, Biden sees Xi as a ‘dictator’‘, angered the Chinese. Beijing Foreign Ministry responds He called Biden’s comments “absurd” and “overt political provocation”.

Yellen will be traveling from July 6th to 9th. During her stay in Beijing, Yellen will manage bilateral relations, communicate directly on areas of concern, and discuss with officials the importance of working together to address global challenges. A senior Treasury official said the secretary did not intend to shy away from US positions on human rights and said the issue was likely to come up during his visit.

Treasury Secretary Yellen Speaks on U.S.-China Economic Relations
FILE: U.S. Treasury Secretary Janet Yellen arrives and speaks at the Johns Hopkins University School of Advanced International Studies (SAIS) in Washington, D.C., April 20, 2023.

Anna Moneymaker/Getty Images


In an April speech, Yellen explained how the United States views the three pillars of the bilateral economic relationship. The pillar is for the United States to take targeted action to secure its national security interests and protect human rights. The United States seeks healthy economic relations with China, not decoupling, but will respond with its allies to China’s unfair practices. Third, the United States wants to work together on today’s challenges, including the global economy, combating climate change, and debt.

Ms Yellen’s visit to China comes after she has repeatedly said she wants to go to China when the time is right. In an interview just last week, Yellen said his hope for his visit to China was to restore contact.

“I have tried to be clear that the United States has taken and will continue to act in defense of our national security interests, and even if it is to some degree We will, and we believe so, even if it imposes an economic cost of We believe that this is both possible and desirable and that healthy economic relations are generally beneficial. ‘” Yellen told MSNBC.

Following Yellen’s resignation Visit to China by Secretary of State Anthony Brinken In June, Meeting with Mr. Xi and other government officials.

Blinken’s high-profile trip comes months after a planned trip in February had to be postponed after the plane was shot down by US forces. Suspected Chinese spy balloon.

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Secretary of the Treasury Janet Yellen He is scheduled to visit China this week and meet with senior government officials and US companies doing business in China. Her visit follows a subsequent directive from President Biden. Meeting with President Xi Jinping last year It is to deepen communication between the world’s two largest economies, a senior Treasury official said on Sunday. Yellen has no plans to meet Xi in person, the official said.But at the June fundraiser, Biden sees Xi as a ‘dictator”, angered the Chinese. Beijing Foreign Ministry responds He called Biden’s comments “absurd” and “overt political provocation”.

Yellen will be traveling from July 6th to 9th. During her stay in Beijing, Yellen will manage bilateral relations, communicate directly on areas of concern, and discuss with officials the importance of working together to address global challenges. A senior Treasury official said the secretary did not intend to shy away from US positions on human rights and said the issue was likely to come up during his visit.

FILE: U.S. Treasury Secretary Janet Yellen arrives and speaks at the Johns Hopkins University School of Advanced International Studies (SAIS) in Washington, D.C., April 20, 2023.

Anna Moneymaker/Getty Images

In an April speech, Yellen explained how the United States views the three pillars of the bilateral economic relationship. The pillar is for the United States to take targeted action to secure its national security interests and protect human rights. The United States seeks healthy economic relations with China, not decoupling, but will respond with its allies to China’s unfair practices. Third, the United States wants to work together on today’s challenges, including the global economy, combating climate change, and debt.

Ms Yellen’s visit to China comes after she has repeatedly said she wants to go to China when the time is right. In an interview just last week, Yellen said his hope for his visit to China was to restore contact.”I have tried to be clear that the United States has taken and will continue to act in defense of our national security interests, and even if it is to some degree We will, and we believe so, even if it imposes an economic cost of We believe that this is both possible and desirable and that healthy economic relations are generally beneficial. ‘” Yellen told MSNBC.Following Yellen’s resignation Visit to China by Secretary of State Anthony Brinken In June, Meeting with Mr. Xi and other government officials. Blinken’s high-profile trip comes months after a planned trip in February had to be postponed after the plane was shot down by US forces. Suspected Chinese spy balloon.

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Sarah Ewall Weiss

A reporter for CBS News, responsible for economic policy.

https://www.cbsnews.com/news/janet-yellen-treasury-secretary-china-trip/ Treasury Secretary Janet Yellen to visit China

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