Janet Yellen Aims to Ease China Tensions
  • 10 months ago
Treasury Secretary Janet Yellen's visit to China presents a challenging test of economic diplomacy as she aims to ease tensions and build trust between the two countries. Yellen acknowledges China as a strategic competitor but emphasizes avoiding decoupling. She will meet with Chinese officials, including Liu He and Premier Li Qiang, to discuss economic issues and clarify that U.S. actions are not intended to harm China's economy. Both countries have implemented new trade barriers, and the Biden administration plans further restrictions on technology trade and investment with China. Yellen seeks to convince China that these measures are targeted and not part of an economic war. Economic cooperation is vital as China holds significant U.S. debt and is a major trading partner.
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