United States Treasury Secretary Janet Yellen will travel to Beijing on July 6-9, becoming the second member of Joe Biden’s cabinet to head to the Chinese capital in recent weeks. Know more:
UNITED STATES Treasury Secretary Janet Yellen will travel to Beijing on July 6-9, becoming the second member of Joe Biden’s cabinet to head to the Chinese capital in recent weeks as the world’s two largest economies look to mend ties after a spate of bilateral tensions.
In Beijing, Yellen will meet with senior Chinese government officials to discuss the importance of responsibly managing the US-China relationship, communicating directly about areas of concern, and working together to address global challenges, the Treasury Department said. The Treasury chief may face questions from her counterparts on the Biden administration’s plans to regulate and potentially cut off US corporate investment in China in sensitive technologies.
US-China engagement today is a shadow of what it once was. The Treasury secretary at one point would meet with China’s equivalent every six months, through the “Strategic Economic Dialogue,” but such forums became defunct in the Trump administration—which levied a raft of import tariffs on Beijing. Among other potential issues in the upcoming talks: a recent crackdown by China on access to information about its companies, and continuing questions about prospects for Chinese firms listing on US exchanges. For their part, Chinese leaders have been continuously emphasizing that their country welcomes overseas firms.
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