‘Washington wants healthy economic competition’: US Treasury Secy Janet Yellen on China visit
semiconductors and solar panels. The US official was due to meet Friday with China's No.
2 leader, Premier Li Qiang, as part of efforts to revive relations that are at their lowest level in decades due to disputes over security, technology, and other irritants. During the visit, the US treasury officials said that Janet Yellen would not meet with Chinese President Xi Jinping, according to a report published by the news agency PTI. “Washington doesn't support decoupling or disconnecting US and Chinese industries and markets. Yellen will reiterate that message," the official said on Thursday. Speaking to media persons on the condition of anonymity, the US official said Yellen also planned to discuss ‘targeted action’ by Washington on trade due to national security or human rights concerns. Her visit follows one by Secretary of State Antony Blinken, who met Xi last month in the highest-level US visit to Beijing in five years.
The two agreed to stabilize relations but failed to agree on improving communications between their militaries, PTI reported. China's government has been frustrated by US curbs on Chinese access to advanced processor chips on security grounds. Xi also accused Washington in March of trying to hamper China's development.
The official added that the United States wants healthy economic competition with China but considers some of Beijing's trade practices unfair. They said Yellen would detail those concerns in meetings with Chinese officials.
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