WASHINGTON - U.S. Treasury Secretary Janet L. Yellen is set to embark on a week-long trip to the People's Republic of China, starting Wednesday, to engage in bilateral meetings aimed at advancing American economic interests and addressing global challenges.
The visit, which follows a series of diplomatic efforts and working group meetings, is a continuation of Secretary Yellen's push for a fair economic playing field for American workers and businesses, as well as cooperation on issues such as climate change and financial stability.
During her trip, Secretary Yellen will advocate against unfair trade practices and Chinese industrial overcapacity, which have significant global economic repercussions. She will also focus on expanding bilateral cooperation to counter illicit finance, contributing to global efforts against criminal activities like drug trafficking and fraud.
Secretary Yellen's itinerary includes a roundtable with economic experts and meetings with key Chinese officials, including Guangdong Governor Wang Weizhong, Vice Premier He Lifeng, Premier Li Qiang, Beijing Mayor Yin Yong, Finance Minister Lan Fo’an, and People’s Bank of China Governor Pan Gongsheng. Additionally, she will engage with American business leaders and address economic relations at an event hosted by AmCham China.
The Secretary's schedule also involves discussions with students and professors at Peking University and meetings with leading Chinese economists. Her visit will conclude with a press conference on Monday, April 8, where she will discuss the outcomes of her engagements in China.
This trip underscores the U.S. commitment to securing national security interests, protecting human rights, and fostering a healthy economic relationship with China. It also highlights the importance of cooperation on bilateral and global priorities, including addressing climate change and resolving debt distress among developing nations.
The information for this report is based on a press release statement from the U.S. Department of the Treasury.
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