Yellen's visit to Beijing aims to heal rifts over a daunting array of China-US antagonisms
Treasury Secretary Janet Yellen is visiting Beijing as part of efforts to revive U.S.-Chinese relations that are at their lowest level in decades due to disputes over technology, security and other irritants
BEIJING — Treasury Secretary Janet Yellen is visiting Beijing as part of efforts to revive U.S.-Chinese relations that are at their lowest level in decades due to disputes over technology, security and other irritants.
Presidents Joe Biden and Xi Jinping met in November and agreed to improve relations between the world’s biggest economies and major trading partners. But neither government has shown willingness to make major policy changes.
“We hope the United States takes concrete actions to create a favorable environment for the healthy development of economic and trade relations,” the Chinese finance ministry said in a statement Friday.
It expressed hope for “the realization of mutual benefit and win-win results” but did not suggest possible Chinese concessions.
Yellen's visit follows one by Secretary of State Antony Blinken, who met with Xi last month in Beijing in an encounter that lasted just 30 minutes.
Here’s a look at some areas of contention.
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POLITICAL RELATIONS
U.S.-Chinese relations are riven by disputes over technology, security, human rights, Beijing’s assertive policies abroad and its support for Russia during its war on Ukraine. Despite an agreement between Biden and Xi to improve relations during a meeting in Indonesia in November, ties worsened after a Chinese surveillance balloon drifted over the United States in February and was shot down. Secretary of State Antony Blinken flew to Beijing in June in the highest-level U.S. visit in five years and had a meeting with Xi that lasted just 30
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