US Treasury Secretary Janet Yellen arrived in Beijing on Thursday, kicking off a visit aimed at improving communication and stabilising the tense relationship between the world's two largest economies. ManilaBulletin READ:
Yellen's trip through Sunday is her first to China as treasury secretary, and comes just weeks after Secretary of State Antony Blinken paid a rare visit to the country.
On Friday, Yellen is scheduled to meet with Premier Li Qiang at the Great Hall of the People, speak with former vice premier Liu He, and attend a dinner hosted by former Chinese central bank governor Zhou Xiaochuan, a senior Treasury official told reporters on Thursday. And while each side will have a long list of complaints to raise with the other with little flexibility to adjust their policies, the visit could allow Yellen to lay the groundwork for future collaboration, Cutler added.Yellen's trip continues an effort by the United States to reframe US-China ties diplomatically and in other areas, said Lindsay Gorman, senior fellow at the German Marshall Fund of the United States.
Ahead of the trip, Beijing appears to have adopted reciprocal actions such as new export controls on metals key to semiconductor manufacturing, further proof that a shift in relations could take time.
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