Yellen visiting China this week

Yellen visiting China this week scaled | ltc-a

Treasury Secretary Janet Yellen will travel to Beijing later this week for meetings with senior Chinese officials, the Treasury Department said Sunday, as the United States tries to ease friction between the two countries.

Yellen’s trip, scheduled for Thursday through Sunday, follows Secretary of State Antony Blinken’s visit last month, who met with Chinese President Xi Jinping. President Joe Biden met with Xi in November.

“While in Beijing, Secretary Yellen will discuss with [People’s Republic of China] officials the importance for our countries – as the world’s two largest economies – to responsibly manage our relationships, communicate directly on areas of concern, and work together to address global challenges, » the Treasury said in a statement.