Share this @internewscast.com

BEIJING — Treasury Secretary Janet Yellen was scheduled to arrive in China on Thursday ahead of four full days of meetings with Chinese officials.

It’s her second trip to the country since the summer, as the U.S. and China seek to increase high-level communication in an otherwise tense relationship. Secretary of State Antony Blinken is also due to visit China again later this year.

“I think our expectation is that we will at senior levels, and increasingly at all levels, continue to have ongoing and deepening dialogue. We went for too long with too little communication, and misunderstandings developed,” Yellen told reporters ahead of her arrival in China.

Her trip will cover the southern city of Guangzhou — the capital of China’s export-heavy province of Guangdong — and the national capital of Beijing, according to a news release.

Here’s her full itinerary of meetings:

Friday, April 5 — meet with Vice Premier He Lifeng, Guangdong Governor Wang Weizhong, economic experts and AmCham China business representatives

Saturday, April 6 — continue meetings with Vice Premier He Lifeng

Sunday, April 7 — meet with Premier Li Qiang, Finance Minister Lan Fo’an, Beijing mayor Yin Yong, leading Chinese economists and Peking University students and professors

Monday, April 8 — meet with former Vice Premier Liu He, People’s Bank of China Governor Pan Gongsheng

What will they talk about?

According to the Treasury, Yellen will discuss “unfair trade practices and underscoring the global economic consequences of Chinese industrial overcapacity.”

China has faced growing global scrutiny over how the country’s emphasis on building up its manufacturing capabilities, including the use of subsidies and policy support to do so, has helped Chinese companies to sell products such as solar panels at far lower prices than manufacturers in other countries.

In March, European Union Chamber of Commerce President Jens Eskelund said trade tensions between the E.U. and China will most likely escalate as a result.

Guangdong is by far the top province in China by value of exports, according to Wind Information.

The province exported nearly 5.4 trillion yuan ($750 billion) in manufactured products last year, with equipment accounting for two-thirds, according to Tu Gaokun, director of Guangdong’s industry and information technology department.

He told reporters last week the province was “committed” to improving productivity, and noted how it aimed to build up sectors such as new energy storage, biomanufacturing and commercial aviation.

Tackling ‘illicit finance’

During her meetings in China, Yellen will also “work to expand bilateral cooperation on countering illicit finance, which can drive important progress on shared efforts against criminal activity such as drug trafficking and fraud,” the Treasury said.

It added that Yellen would discuss work on bolstering financial stability, addressing climate change and resolving debt distress in developing nations.

The trip will mark Yellen’s third meeting with Vice Premier He Lifeng, whom the Treasury secretary is also set to meet later this month at the International Monetary Fund and World Bank Group spring meetings in Washington, D.C.

He Lifeng is also director of the office of the Central Commission for Financial and Economic Affairs, a role formerly held by Liu.

Share this @internewscast.com
You May Also Like
Washington man allegedly lures police with bogus 911 call, slashes officer in face

Washington Man Deceives Police with Fake 911 Call, Attacks Officer in Shocking Incident

A man accused of orchestrating an ambush on two police officers by…
Luigi Mangione smiles for cameras in court as defense claims police violated his rights

Luigi Mangione’s Courtroom Grin: Defense Alleges Rights Violations by Police

NEW YORK — Luigi Mangione, beaming for the cameras, made his way…
Accountability and ethics in City Hall

Exploring Accountability and Ethics in Municipal Governance

As Zohran Mamdani prepares to step into the role of Mayor this…
'Older' Brown building where shooting happened had no cameras as president’s even older home appears equipped

Security Concerns Raised: Lack of Cameras at Historic Brown Building Highlighted After Shooting Incident

The tragic shooting incident at Brown University’s Barus & Holley engineering and…
CBP officer fires weapon during road rage incident near JFK Airport entrance

Road Rage Escalates: CBP Officer Discharges Firearm Near JFK Airport Entry

An on-duty officer with the U.S. Customs and Border Protection (CBP) discharged…
Readers sound off on Rob Reiner, Trump’s comments and mental illness

Readers React to Rob Reiner, Trump’s Remarks, and Mental Health Issues

Adding insult to tragedy only deepens the pain Peters Township, Pa.: The…
Texas church depicts Holy Family in cage wrapped in barbed wire in nativity display

Texas Church Unveils Provocative Nativity Scene Featuring Holy Family Enclosed in Cage Wrapped in Barbed Wire

A church in Texas has ignited a discussion by unveiling a nativity…
What we know about Nick Reiner, accused of murdering parents Rob and Michele

Unveiling the Tragic Tale: Nick Reiner Accused in Shocking Double Homicide of Parents Rob and Michele

Rob Reiner and his wife, Michele Singer, were tragically found stabbed to…
‘I am just Eric’: Adams bids farewell to a tenure marked by achievements but marred by scandal

Eric Adams: Reflecting on a Legacy of Triumphs and Trials in Public Office

At a candid farewell press briefing on Tuesday, Mayor Adams and his…
New mobile clinic by Sunshine Health aims to address child health care

Sunshine Health Launches Innovative Mobile Clinic to Enhance Child Healthcare Accessibility

A mobile clinic in Jacksonville is offering complimentary health checkups for children…
Sports reporter, husband found dead at Alabama home in suspected murder-suicide

Tragic Murder-Suicide: Alabama Sports Reporter and Husband Found Dead in Home

In a tragic turn of events, a well-regarded sports reporter who had…
Pope Leo to appoint Bishop Ron Hicks as New York archbishop replacing Cardinal Dolan: source

Pope Leo to Appoint Bishop Ron Hicks as New York Archbishop, Succeeding Cardinal Dolan: Source Reports

Pope Leo XIV is anticipated to designate Bishop Ronald Hicks from Joliet…