US Treasury Secretary Janet Yellen's first trip to China will focus on recalibrating ties between the world's two largest economies, as military communications remain frozen and Beijing's new restrictions on exports of some metals spark fresh tensions
"There is no substitute for diplomacy," said one senior administration official. "A phone call is just not the same."
"We routinely hear Chinese assurances that they will not deliver lethal assistance. We are holding them to that, and we'll continue to watch," the official said. "Secretary Yellen’s trip is more than a step toward preparation for a potential Biden-Xi meeting at APEC. The top economic officials of the world’s two largest economies have barely spoken to each other in over three years, and that is dangerous for the global economy," said Scott Kennedy with the Center for Strategic and International Studies.
She will tell her Chinese counterparts that Washington is not seeking to decouple the two economies, which together account for 40% of global economic output, while reserving the right to protect human rights and U.S. national security interests through targeted actions, the official added.
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