U.S. Treasury's Yellen to meet Chinese vice premier ahead of APEC summit
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen discusses"U.S.-China Economic Relationship" during a forum hosted by the Johns Hopkins University at the Nitze Building in Washington, U.S., April 20, 2023. REUTERS/Sarah Silbiger/File Photo
Yellen first met with He, China's new economic czar, in July, when she visited Beijing to try to stabilize a deteriorating U.S.-China relationship amid growing U.S. restrictions on sensitive technologies. But the official said a key aim for Yellen was gaining a better understanding of how the new U.S.-China economic communication line will work, and how to make sure that"it is not vulnerable to shocks," adding that there will be more frequent interactions.
She reiterated that the U.S. was seeking"healthy competition" with China and was not trying to"trigger a"disorderly wholesale private-sector pullback from China with actions to diversify supply chains and protect U.S. national security."
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