Janet Yellen's Visit to China: Key Takeaways
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Recently, Janet Yellen, the U.S. Treasury Secretary, concluded her four-day visit to Beijing, China. During her visit, she held discussions regarding the strained relationships between the two countries with top Chinese officials. Here are the main points from her trip:
Yellen aimed to establish and deepen relationships with the new economic leadership team in Beijing. As part of efforts to revive the relations that are at their lowest level, she had a meeting with Premier Li Qiang, China's No. 2 leader.
Yellen attempted to address China's concerns about the United States' intention to decouple and even refrained from using the term "decoupling" during her visit. According to some experts, her statements were based on two untrue assumptions about the relationship between the two countries.
Yellen is of the opinion that her trip to Beijing opened new avenues for frequent and more meaningful interactions, and such efforts could potentially help alleviate the strained relations between the two countries.
Yellen's visit to China was widely regarded as an attempt to alleviate tensions between the two nations and establish a more positive relationship. Despite this, some experts doubt the likelihood of improved relations, given the underlying issues that still divide the two countries.