Yellen – who has long called for cooperation with China on global issues from debt relief to climate change – is visiting at a time of renewed exchanges between the two powers, following the low point of February’s balloon incident and with looming headwinds threatening the global economic recovery.
In previous trade negotiations with Beijing, Yellen spoke often with then vice-premier Liu He. She also talked with Yi Gang, China’s central bank governor, in Bali, Indonesia in November.
In her speech in April, Yellen said the US seeks a healthy economic relationship with China that fosters mutually beneficial growth and innovation and expands economic opportunity for American workers and businesses.
However, she also vowed to secure national security interests along with those of its allies and protect human rights through targeted actions.
Meanwhile, the US has intensified tech containment on China, especially limiting its access to advanced chips.
More to follow…
