Scoop: Yellen's plan for a diplomacy breakthrough with China

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Scoop: Yellen's plan for a diplomacy breakthrough with China
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Improved communications to allow discussions of 'contentious' issues and how Chinese leaders are dealing with them.

Treasury Secretary Janet Yellen speaks in McLean, Va., in August.will use improved communications with Beijing to discuss "contentious" issues, gain new insight into China's economy — and learn how leaders there plan to respond to issues, she tells Axios.

"We want an opportunity to be able to ... pick up the phone and ask questions when issues arise that we need to understand — and vice versa," Yellen said. "It will provide some opportunity to discuss contentious topics." Yellen added that the aim is to "deepen our understanding of what's happening in [China's] property sector, the general economic problems that they face and the policy approaches that they're taking."The two sides also are discussing a potential U.

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