It's her second trip in less than a year amid ongoing tension between the world's two economic powerhouses.
Share on linkedin Treasury Secretary Janet Yellen before a bilateral meeting with top China officials in San Francisco in November 2023. Photo: Justin Sullivan/Getty Imageswill travel to China for high-stakes meetings this week — her second trip in less than a year amid ongoing tension between the world's two economic powerhouses.Yellen plans to press an issue that could further intensify China's strained economic relations with the West: what the U.S.
Among the issues the two discussed: China's relationships with Russia and Iran as turmoil continues in Ukraine and the Middle East.The Treasury Department says Yellen will hold "extended" bilateral meetings with Chinese counterparts, including the nation's economic czar, Vice Premier He Lifeng. "I am concerned about global spillovers from the excess capacity that we are seeing in China," Yellen said last week. "China's overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world."
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