Treasury Secretary Janet Yellen to meet with senior officials in China this week

Treasury Secretary Janet Yellen will travel to Beijing this week to meet with senior Chinese officials.

The Treasury said Yellen is expected to discuss a number of macroeconomic and financial issues, as well as how the U.S. and China can “responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges.”

A senior administration official told reporters that the trip is intended to “deepen and increase the frequency of communication between our countries moving forward and to stabilize the relationship, avoid miscommunication and expand collaboration where we can.”

The official noted, however, that the Biden administration does not expect significant breakthroughs. Treasury said it would provide further details later.

Chinese state broadcaster CCTV confirmed Yellen will visiting from Thursday to Sunday.

In a speech in April, Yellen outlined three economic priorities for the U.S.-China relationship: securing national security interests, fostering mutually beneficial growth, and cooperating on global challenges like climate change and debt distress.

For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

The senior administration official told reporters that Yellen’s visit will underscore those objectives.

Still, Yellen emphasized in April that the U.S. will not hesitate to “defend our vital interests.” She noted, however, that those measures are “motivated solely by our concerns about our security and values” and are not intended to “gain competitive economic advantage.”

The senior administration official reiterated that stance Sunday, saying: “We do not seek to decouple our economies. A full cessation of trade and investment would be destabilizing for both of our countries and the global economy.”

Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing last month, when he highlighted the importance of the economic relationship between the two nations. He noted that the growth of major economies like China is in the U.S. interest but that “it’s not in our interest to provide technology to China that could be used against us.”