During her trip, Janet Yellen will address the importance of the two nations “responsibly managing” their relations.
US Treasury Secretary Janet Yellen will travel to Beijing from July 6 to 9 to meet with senior Chinese officials, according to a statement released Sunday by the US Treasury Department.
“Yellen’s trip follows the directive of the president [Joe] Biden, after his meeting with President Xi [Jinping] last November, to deepen communication between the US and the People’s Republic of China on a number of issues, including global macroeconomics and financial developments,” the text reads.
It is also detailed that during her visit Yellen will address the importance of the two nations “responsibly managing” their relations, “communicating directly on areas of interest” and “working together to address global challenges.”
Previously, Bloomberg wrote that, if she embarks on the trip, the senior US official will hold negotiations with He Lifeng, vice prime minister responsible for economic policy.
Last month, Yellen noted that it is inconvenient for Washington to abandon trade relations with Beijing entirely. “I think we win and China wins with as open trade and investment as possible, and it would be disastrous for us to try to disassociate ourselves from China,” the secretary said, adding that it was a “very valuable interaction.”