Treasury Secretary Yellen meets with Chinese Premier, urges communication
Janet Yellen holds meeting in China
Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang in Beijing on Friday to discuss economic collaboration, while also urging the country’s second in command to not let recent frustration over U.S. restrictions on processor chips disrupt mending relations.
«After a round of wind and rain, we will definitely see more rainbows» Li said as Yellen’s plane landed in rainy weather on Thursday.
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Yellen said Washington and Beijing have a duty to work together on matters that impact the world and requested «regular channels of communication.»
Chinese Premier Li Qiang, right, shakes hands with Treasury Secretary Janet Yellen during a meeting at the Great Hall of the People in Beijing on July 7, 2023. (Photo by Mark Schiefelbein / POOL / AFP) (Photo by MARK SCHIEFELBEIN/POOL/AFP via Getty I
While Treasury Yellen will not meet with Chinese leader Xi Jinping, other senior U.S. officials are due to visit Beijing and encourage Chinese leaders to renew economic interaction between the two countries.
In the interest of national security, Yellen defended U.S. actions to deter Chinese access to technologies like advanced processor chips. She also criticized China’s treatment of U.S. companies during a meeting with businesspeople.
A Nvidia Corp. chip during the Taipei Computex expo in Taipei, Taiwan, on Monday, May 29, 2023. In a two-hour presentation in Taiwan, Nvidia Corp. Chief Executive Officer Jensen Huang unveiled a new batch of products and services tied to artificial i (Photographer: I-Hwa Cheng/Bloomberg via Getty Images / Getty Images)
«You may disagree,» Yellen said, «but we should not allow
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