Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China
Source: CNBC
Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial.
Yellens trip marks a deepening thaw in ties between the U.S. and China and comes weeks after Secretary of State Antony Blinkens visit to Beijing in last month, which was the first high-level meeting between the two countries after months of tensions.
The two sides are basically talking, trying to find the strategic space for both sides to operate, and this will be very good for the rest of the world, Andrew Sheng, a distinguished fellow at the University of Hong Kongs Asia Global Institute, told CNBC Thursday.
Yellens trip comes just days after China abruptly imposed export curbs on chipmaking metals and its compounds, escalating Beijings technological war with the U.S. and Europe. Before departing for China, Yellen had a frank and productive discussion with Xie Feng, the Chinese U.S. ambassador, according to the U.S. Treasury.
Read more: https://www.cnbc.com/2023/07/06/janet-yellen-arrives-in-beijing-on-mission-to-find-common-ground-for-us-and-china.html