Treasury Secretary Janet Yellen will travel to Beijing Thursday as part of an ongoing Biden administration effort to thaw U.S.-China relations, a senior Treasury official said Sunday.
Treasury Secretary Janet Yellen will travel to Beijing Thursday in an effort to thaw U.S.-China relations, a Treasury official said
Yellen's trip would come shortly after Secretary of State Antony Blinken made a two-day stop in Beijing in June in what was the highest-level meetings in China in the past five years The most recent flareup came after President Joe Biden referred to Chinese President Xi Jinping as a "dictator " during a campaign fundraiser earlier in June. The Chinese protested loudly, but Biden later said his blunt statements regarding China are "just not something I'm going to change very much."
The treasury secretary's visit will be more focused on stabilizing the global economy and challenging China's support of Russia in its ongoing land invasion of Ukraine. China has developed an uncomfortable closeness with the Kremlin — claiming neutrality in the war, but holding joint military drills and frequent state visits with Russian officials.
U.S. lawmakers earlier this year grilled TikTok CEO Shou Zi Chew about data security and the social media firm's ties to China, with some pushing a ban on the app, popular among American youths.
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