Yellen will be the second Cabinet-level member to travel to China in the last month. And although the visit will mark another high-level engagement between the two superpowers, no “significant breakthroughs” are expected, with the conversations over her three-day trip expected to be “constructive” and “frank,” according to a senior Treasury official. Yellen is not expected to meet with Chinese President Xi Jinping, according to the official.
The trip is the first face-to-face meeting between Yellen and her Chinese counterpart since a new economic team took over in Beijing, the official said, adding it will give them the opportunity to make “serious connections.” Along with other US officials, Yellen has long signaled the Biden administration’s desire to deepen communication and lower the temperature between the world’s top two economies.
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