Yellen Meets Chinese Vice Premiere for Talks in San Francisco
November 10, 2023
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0:23Now PlayingYellen Meets Chinese Vice Premiere for Talks in San Francisco
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as posted by the channelTreasury Secretary Janet Yellen greeted Chinese Vice Premier He Lifeng as the United States and China engage in talks in San Francisco on a number of economic issues. The finance leaders are aiming to make progress at a time when competition has markedly intensified between their countries.
The talks are designed to help lay the groundwork for an expected meeting between President Joe Biden and Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, which would be their first engagement in nearly a year.
The White House is not expecting Biden’s meeting with Xi to result in major changes to the relationship between the two nations, according to a person familiar with the planning, although it hopes to see some signs of progress.
Analysts say expectations should be kept low, given the competitive nature of the countries’ relationship.
China’s state media laid out Beijing’s major concerns: the Biden administration’s China policy, supply chain curtailments, restrictions on high-tech products such as advanced chips, and tariffs on Chinese products.
Yellen has met with a host of Chinese officials throughout this year. In January, she had her first face-to-face meeting with former Vice Premier Liu He in Zurich. She traveled to China in July to discuss economic policies between the nations and urged Chinese government officials to cooperate on climate change and other global challenges and not let sharp disagreements about trade and other irritants derail relations.
On Thursday, Yellen said “beyond our bilateral economic relationship, I look forward to discussing our collaboration on global challenges, from climate change to debt distress in low-income countries and emerging markets.”
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