December 4, 2023

US Treasury Secretary Janet Yellen will journey to China from July 6 to 9 to fulfill with senior Chinese language officers to enhance bilateral relations.

“Yellen will talk about with PRC officers the significance of our nations, because the world’s two largest economies, responsibly managing our relationship, speaking immediately on areas of concern, and dealing collectively to handle international challenges. “, says a press release from the Treasury Division.

The Treasury Secretary assured in April that the US, in its financial relations with China, seeks to “make sure the pursuits of nationwide safety along with these of its allies and shield Human Rights by particular actions that aren’t meant to acquire an financial benefit.” .

As well as, he assured that his nation seeks “a wholesome financial relationship with China that fosters mutually useful progress and innovation” and “cooperates on pressing international challenges reminiscent of local weather change and the debt overhang.”

The announcement comes just a few days after the go to to Beijing by the Secretary of the US Division of State, Antony Blinken, to cut back tensions between the 2 nations.

Relations between the 2 nations have deteriorated in current months resulting from commerce frictions and worldwide alliances that separate them, and ended up first derailing in August final 12 months, with the go to to Taiwan of the then president of the decrease home of the Congress of the US, Nancy Pelosi, and in February of this 12 months with the demolition by the US Military of an alleged Chinese language spy balloon –meteorological probe, in response to Beijing–.

Throughout his go to, Blinken assured that the US doesn’t assist the independence of Taiwan and reiterated Washington’s assist for the “one China” precept, though he known as China’s actions within the Taiwan Strait and the Sea “provocative”. East Chinese language.