It's Janet Yellen's first visit to China as treasury secretary and comes as the U.S. and China have seen escalating tensions over national security and technology.
Treasury Secretary Janet Yellen arrived in Beijing on Thursday for high-stakes meetings with senior Chinese officials. It's her first visit to China as treasury secretary and comes as the U.S. and China have seen escalating tensions over national security and technology. after arriving in Beijing."We seek a healthy economic competition that benefits American workers and firms and to collaborate on global challenges.
While in Beijing, Yellen will meet with Premier Li Qiang at the Great Hall of the People to talk about the economic relationship between the U.S. and China, raise issues of concern and discuss how the world's largest two economies can work together, according to the senior Treasury official. She is not expected to meet with Chinese President Xi Jinping.
In April, Yellen delivered a speech laying out three key principles of the U.S. approach to its economic relationship with China. The three pillars include targeted actions to protect America's national security and human rights, achieving a healthy competitive economic relationship between the two countries that benefits both and seeking cooperation between the two countries to address global challenges.
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