Treasury Secretary Janet Yellen is scheduled to meet with Chinese Vice Premier Liu He in Switzerland on Wednesday to discuss economic ties between the world’s two largest industrial powers.
Yellen will depart Davos for Africa, where she is scheduled to visit three countries — Senegal, Zambia, and South Africa.
In an interview on National Public Radio on Saturday, Yellen acknowledged that China had played “a leading role” in lending to and trading with African nations, but said African leaders had made clear at a conference last month in Washington that they were seeking more US engagement. But some African countries, including Zambia, have soured on Chinese lending and are looking for alternatives, economic analysts told Reuters.
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