Sec. Yellen is set to visit Beijing this week as part of an ongoing Biden administration effort to thaw U.S.-China relations, senior Treasury official says.
FILE - Treasury Secretary Janet Yellen testifies before the House Financial Services Committee during a hearing regarding the state of the international financial system at the Capitol in Washington, Tuesday, June 13, 2023. Treasury Secretary Janet Yellen will travel to Beijing Thursday as part of an ongoing Biden administration effort to thaw U.S.-China relations, a senior Treasury official said Sunday.“disastrous,” has frequently said in the past year that she would like to visit China.
Yellen's trip would follow Secretary of State Antony Blinken's two-day stop in Beijing in June, the highest-level meetings in China in the past five years. Blinken met with Xi and the two agreed to stabilize deteriorated U.S.-China ties. However, better communications between their militaries could not be agreed upon. Treasury officials didn't specify which officials she'd meet with, but said it would not be Xi.
However, there are plenty of other tensions impacting the superpowers' relationship. The discovery of a Chinese surveillance balloon traversing over sensitive areas of the U.S. in February put a damper on her previous travel plans, and further strained relations.
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