July 6, 2023

Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial.

Yellen’s trip marks a deepening thaw in ties between the U.S. and China and comes weeks after Secretary of State Antony Blinken’s visit to Beijing in last month, which was the first high-level meeting between the two countries after months of tensions.

“The two sides are basically talking, trying to find the strategic space for both sides to operate, and this will be very good for the rest of the world,” Andrew Sheng, a distinguished fellow at the University of Hong Kong’s Asia Global Institute, told CNBC Thursday.

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https://www.cnbc.com/2023/07/06/janet-yellen-arrives-in-beijing-on-mission-to-find-common-ground-for-us-and-china.html