U.S. Treasury Secretary Janet Yellen will seek clarity on China's plans to ease its COVID-19 restrictions and deal with problems in its property sector when she meets on Monday with China's central bank chief, Treasury officials said on Sunday.
The officials told reporters in Bali, ahead of a summit of the Group of 20 big economies, that it was important for top economic officials from the world's two largest economies to discuss global challenges face to face and learn more about each other's policy plans.
Yellen is prepared to discuss with Peoples Bank of China Governor Yi Gang the outlook for U.S. inflation and growth, but will likely leave monetary policy plans to the Federal Reserve, the officials said. The administration of President Joe Biden has long raised concerns about the resilience of supply chains in China that have been hit by repeated COVID-19 lockdowns and growing national security restrictions.between the world's two largest democracies, with India taking on a "friend-shoring" role as a trusted supplier and counterweight to China.
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