‘Hope Beijing, Washington would meet each other halfway,’ says Treasury Secretary Yellen, meets Chinese ambassador
Also read: US warns citizens to reconsider their travel plans to China: ‘May be detained…’ The Treasury issued a statement acknowledging Yellen's support for "ongoing efforts to maintain open lines of communication and responsibly manage the US-China bilateral relationship". Both sides characterized the discussion as frank and productive in their official statements.
In her upcoming visit to China, Yellen is expected to urge both nations to handle their relationship responsibly, engage in direct communication regarding areas of concern, and collaborate in addressing global challenges, according to a previous statement by the Treasury. China has repeatedly expressed dissatisfaction with the United States' export bans on high-end semiconductors and other trade restrictions.
Also read: China Restricts Exports of Two Minerals Used in High-Performance Chips The deteriorating relationship between Washington and Beijing has led some US policymakers to advocate for a decoupling between the world's two largest economies. However, Yellen has dismissed this prospect, stating in a June speech, "It would be disastrous for us to attempt to decouple from China.
De-risk, yes. Decouple? Absolutely not." Yellen's visit comes shortly after Secretary of State Antony Blinken's meeting with President Xi Jinping and Foreign Minister Qin Gang in Beijing in June.
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