{"id":2562477,"date":"2023-07-02T20:01:32","date_gmt":"2023-07-02T18:01:32","guid":{"rendered":"http:\/\/nhub.news\/?p=2562477"},"modified":"2023-07-03T09:25:08","modified_gmt":"2023-07-03T07:25:08","slug":"yellen-set-to-travel-to-beijing-as-part-of-ongoing-efforts-to-stabilize-relationship-with-china","status":"publish","type":"post","link":"http:\/\/nhub.news\/de\/2023\/07\/yellen-set-to-travel-to-beijing-as-part-of-ongoing-efforts-to-stabilize-relationship-with-china\/","title":{"rendered":"Yellen set to travel to Beijing as part of ongoing efforts to stabilize relationship with China"},"content":{"rendered":"

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\nTreasury Secretary Janet Yellen will travel to Beijing later this week as part of ongoing efforts by the Biden administration to deepen communication between the US and China after what has been a particularly fraught and unstable time, the Treasury Department announced Sunday evening. <\/p>\n

Yellen will be the second Cabinet-level member to travel to China in the last month. And although the visit will mark another high-level engagement between the two superpowers, no \u201csignificant breakthroughs\u201d are expected, with the conversations over her three-day trip expected to be \u201cconstructive\u201d and \u201cfrank,\u201d according to a senior Treasury official. Yellen is not expected to meet with Chinese President Xi Jinping, according to the official. <\/p>\n

Her trip comes after President Joe Biden compared China\u2019s leader to \u201cdictators\u201d at a political fundraiser last month \u2013 remarks that threatened to destabilize ties roughly one day after Secretary of State Antony Blinken had said his recent trip had yielded \u201cprogress\u201d in repairing the fractured relationship between Washington and Beijing.<\/p>\n

Yellen is expected to meet with senior Chinese officials as well as leading US firms. She will discuss \u201careas of concern,\u201d like documented allegations of human rights abuses and ways to responsibly manage competition between the two powers, as well as areas where they can work together on global challenges like climate change, the official said. <\/p>\n

The trip is the first face-to-face meeting between Yellen and her Chinese counterpart since a new economic team took over in Beijing, the official said, adding it will give them the opportunity to make \u201cserious connections.\u201d <\/p>\n

Along with other US officials, Yellen has long signaled the Biden administration\u2019s desire to deepen communication and lower the temperature between the world\u2019s top two economies. <\/p>\n

In testimony before Congress in April, Yellen stressed the importance of maintaining ties with China and said that \u201cdecoupling would be a big mistake,\u201d though she noted that human rights abuses in China and questionable trade policies must be \u201caddressed.\u201d In June, she <\/p>\n

told a group of top American CEOs that it is critical for the US to work with China on specific and urgent global challenges.<\/p>\n

As US officials increase the frequency of their contacts with Chinese counterparts, Biden has said he hopes to meet with Xi soon. <\/p>\n

\u201cI\u2019m hoping that over the next several months, I\u2019ll be meeting with Xi again, talking about legitimate differences we have but also how there\u2019s areas we can get along,\u201d Biden told reporters in June.<\/p>\n