US Treasury Secretary arrives in China to stabilize relations

The purpose of the Treasury secretary’s visit is to broaden the channels of interaction, avoid misunderstandings and improve collaboration on issues such as the global economy and climate change, according to a senior official from her department.

Yellen is scheduled to meet with Chinese Premier Li Qiang on Friday, and her schedule also includes a meeting with former Vice Premier Liu He, and a dinner hosted by former China Central Bank Governor Zhou Xiaochuan, she told reporters. this Thursday a Treasury official.

His trip, which takes place in a context of concern about the tone of the economic recovery in China and the rise in interest rates in the United States, could be an opportunity for dialogue on the prospects for growth in both countries.

Yellen had previously expressed her intention to travel to Beijing, but these plans were thrown into doubt by the escalation of tension earlier this year after the United States shot down an alleged Chinese spy balloon.

“The fact that he is staying in Beijing for four days, given all his other domestic and international pressures, underscores the importance he attaches to this visit,” Wendy Cutler, vice president of the Asia Society Policy Institute, told AFP.

Despite the long list of mutual reproaches and little flexibility to readjust their policies, the visit will allow Yellen to pave the way for future collaboration, Cutler added.

Kerry to visit China in July for climate talks

US climate change envoy John Kerry will travel to China in July to discuss global warming, Bloomberg reported Thursday, citing sources familiar with the matter.

Kerry’s trip will likely take place around the week of July 16, Bloomberg reported.

The visit would follow trips by US Treasury Secretary Janet Yellen, who is due to meet Chinese officials in Beijing on Thursday, and Secretary of State Antony Blinken.

With information from Reuters and AFP.