Yellen’s trip aims to balance economic competition with cooperation between U.S. and China
SHANGHA: U.S. Treasury Secretary, Janet Yellen arrived in Guangzhou on Thursday, on a mission to stabilize tense relations with China, a fast growing global economic engine.
Ms Yellen, 77-year-old, a renowned economist and former Federal Reserve chair, told to reporters the issues that she intends to raise with her Chinese counterparts during her five-day visit.
Yellen’s trip began from commercial hub, Guangzhou, and later, she will move to Beijing for meetings with finance leaders and state officials. Her engagements in China will include Vice Premier He Lifeng, Chinese Central Bank Governor Pan Gongsheng, former Vice Premier Liu He, leaders of American businesses operating in China, university students and local leaders.
Yellen, speaking to reporters Wednesday during a refueling stop in Alaska en route to Asia, said her visit would be a “continuation of the dialogue that we have been engaged and deepening” ever since U.S. President Joe Biden and Chinese President Xi Jinping met in 2022 in Indonesia. She noted that it would be her third meeting with China’s vice premier.
Yellen’s trip will run from April 4 to 9. It’s intended as a follow-up to Yellen’s travel to China last July, which resulted in the launch of a pair of economic working groups between the two nations’ finance departments to ease tensions and deepen ties.
