Like Secretary of State Antony Blinken, who visited last month, Yellen is seeking a delicate balance between conciliation and pushing Beijing to halt practices Washington says are harmful to U.S. and Western companies.
"Ample room" for US, China to engage on tradeBEIJING, July 8 - U.S. Treasury Secretary Janet Yellen urged closer communication between China and the United States on Saturday to improve economic decision-making and challenged China to join global initiatives to help poorer nations address climate change.
Both sides have downplayed expectations for breakthroughs, while hailing the opportunity for candid, face-to-face diplomacy. At the same time, Yellen reiterated Washington wanted to ensure healthy competition with a "fair set of rules" that would benefit both countries over time. "I strongly believe that the relationship between our two countries is rooted in the solid ties between the American and Chinese people. It is important that we keep nurturing and deepening these ties, especially as China reopens after three years of COVID lockdowns."
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