US Treasury Secretary visits China

US Treasury Secretary visits China

The ministry said Sunday that US Treasury Secretary Janet Yellen will fly to China from Thursday to Sunday to meet with Chinese officials.

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During her stay in Beijing, the finance minister will meet with members of the government to “discuss the importance of managing relations between the two countries, as two of the world’s leading economies, in a responsible manner,” according to the Treasury Department. to divide.

Ms. Yellen also intends to stress the need to “communicate directly on issues of concern and work on global challenges.”

“We don’t expect any major breakthrough (in relations between the two countries) from this trip,” a Treasury official said.

“However, we hope to hold constructive discussions and establish long-term channels of communication” with China, the official added.

In April, the Treasury secretary detailed the principles guiding US economic relations with China.

The United States government seeks first to “preserve its own national security interests as well as those of its allies.”

It also intends to “defend human rights through targeted actions that are not intended to derive economic advantage from them”.

The United States also wants to establish “sound economic relations with China that promote growth and innovation” in both countries.

Finally, Joe Biden’s government wants “cooperation on pressing global issues like climate change and debt relief” from developing countries.

Diplomatic and economic relations between the two countries have gradually deteriorated since the era of Donald Trump.

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In November, US Secretary of State Joe Biden met Chinese President Xi Jinping in person for the first time in an effort to ease tensions.

In mid-June, Secretary of State Antony Blinken traveled to Beijing and was greeted by the Chinese head of state, a gesture that was interpreted as a diplomatic advance.

But during a campaign meeting in California at the end of June, Joe Biden called Xi Jinping a “dictator,” comments deemed a “provocation” by Beijing.

Last year, the Biden administration imposed restrictions on the export of US semiconductors and technology components to China.

Before that, he had maintained tariffs imposed by Donald Trump on hundreds of billions of dollars of products that China exported to the United States.

“During this trip, we want to deepen and strengthen the pace of contacts between our two countries, stabilize relations to avoid misunderstandings and expand our cooperation wherever possible,” said a Treasury official.

Ms. Yelin also plans to inform Chinese authorities of “concerns” raised by a new anti-espionage law that took effect Saturday in China, according to the official.

This provision gives the government more freedom to fight threats to national security, raising concerns among foreign companies operating in China.

The Treasury secretary and her teams want to “get a better understanding of how this country (China) plans to implement this law.”

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About the Author: Hermínio Guimarães

"Introvertido premiado. Viciado em mídia social sutilmente charmoso. Praticante de zumbis. Aficionado por música irritantemente humilde."

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