US treasury secretary back in China, aiming to keep trade ties on firmer footing
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US Treasury Secretary Janet Yellen arrived in Guangzhou, China on Thursday for a week-long trip to manage trade relations between the US and China. Yellen aims to advance America's economic and national security interests while maintaining a level playing field for American workers and firms. She plans to discuss issues such as industrial overcapacity, global financial stability, unfair trade practices, illicit finance, climate change, and debt relief for developing countries. Yellen will meet with Chinese Vice-Premier He Lifeng, Premier Li Qiang, Minister of Finance Lan Fo'an, and central bank governor Pan Gongsheng. This is Yellen's second visit to China in less than a year, following her engagement in July 2023 to restart dialogue and launch bilateral working groups on economic and financial policy.
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