U.S. Treasury Secretary Yellen will visit China from today to next Tuesday (9th) and will meet with Premier Li Qiang, Vice Prime Minister He Lifeng, Finance Minister Lan Fo'an and People's Bank of China Governor Pan Gongsheng.
On her way to China, Yellen said that it is important for the United States and China to maintain open communication channels. This trip will focus on developing healthy economic relations with China. She reiterated that the United States does not want to decouple from the Chinese economy and believes that both sides can benefit from trade and investment, but must On a level playing field.
Yellen will arrive in Guangzhou later today and will hold talks with He Lifeng and Guangdong Governor Wang Weizhong respectively. She will travel to Beijing on Saturday afternoon to meet with Chinese finance officials and economists.
The U.S. Treasury Department said earlier that Yellen's trip will focus on raising the consequences of China's industrial overcapacity on the global economy and asking China to correct unfair trade practices and ensure that American workers and companies are treated fairly. The Chinese Ministry of Foreign Affairs pointed out that it hopes that the United States and China will meet each other halfway, properly handle differences, build consensus, deepen cooperation, and promote the stable development of China-U.S. economic relations.
