US Treasury Secretary Yellen will visit China again in 2024
financialexpress.comUS Treasury Secretary Janet Yellen will visit China again next year at her counterpart’s invitation, as officials in the world’s two biggest economies seek to boost contact further and improve tense relations.
Better communication “allows us to avoid misunderstandings and unintended escalation, make informed decisions, and work toward specific policy outcomes,” Yellen said Friday following two days of meetings in San Francisco with Vice Premier He Lifeng, China’s economic czar.
The Chinese side in a statement issued later in the day also said both parties agreed to “strengthen communication, seek consensus and control disputes so as to avoid misunderstanding and accidental escalation of friction.”
The Yellen-He encounter took place just a few days before a highly anticipated meeting between US President Joe Biden and Chinese President Xi Jinping. That will occur on the sidelines of next week’s Asia-Pacific Economic Cooperation forum in San Francisco, which the US is hosting for the first time since 2011.
Yellen said He told her he welcomed a return visit by her to China. The Treasury secretary first visited Beijing in her current capacity in July, making it the second trip there by a Biden administration cabinet member.
“I look forward to traveling there next year,” Yellen said at a press conference, citing the sides’ desire to continue a “regular cadence of contact” between the two counterparts.
Leaders of the two delegations agreed to carry out “direct communication” regularly, according to the Chinese statement attributed to the official Xinhua news agency and posted on the government’s website.
The talks between the two top officials touched on topics ranging from common global challenges to their individual
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