WASHINGTON: US Treasury Secretary Janet Yellen will travel to Beijing from Jul 6 to Jul 9 for meetings with senior Chinese officials on a broad range of issues, including US concerns about a new Chinese counterespion
, but analysts say the remark had little impact on efforts to improve ties.
"We seek a healthy economic relationship with China, one that fosters growth and innovation in both countries," the official said."We do not seek to decouple our economies. A full cessation of trade and investment would be destabilising for both our countries and the global economy." Yellen would underscore Washington's determination to strengthen its own competitiveness while responding with allies to what Washington calls"economic coercion" and unfair economic practices by China, the first official said.US-China ties no longer in freefall after Blinken’s visit, but can the rival powers fix deep differences?
"We have concerns with the new measure, and how it might apply, that it could expand the scope of what is considered by the authorities in China to be espionage activity," the official said, citing possible spillovers to the broader investment climate and the economic relationship.
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