Treasury Secretary Janet Yellen is set to visit Beijing this week, the United States said Sunday (July 2), marking the second trip by a cabinet official to China since ties between the world's top two economies deteriorated earlier this year.
WASHINGTON — Treasury Secretary Janet Yellen is set to visit Beijing this week, the United States said Sunday , marking the second trip by a cabinet official to China since ties between the world's top two economies deteriorated earlier this year.
Mr Blinken was the highest-ranking US official to visit the Chinese capital in nearly five years, and Mr Xi said on the rare trip that he saw headway in the strained relationship between Washington and Beijing. While the US seeks to secure its national security interests and protect human rights, actions to this effect are"not intended to gain economic advantage over China," the official added.
A Yellen trip could"restart a steady pattern of engagement at lower levels," he said, adding that the US has shifted from being ambiguous about how far it was supporting decoupling to explicitly adopting a strategy of"derisking" instead. The senior Treasury official told reporters Sunday that Washington intends to communicate its concerns over the law.
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