United States Secretary of the Treasury Janet L. Yellen has nearly concluded her second visit to China since July 2023. Throughout this trip, Yellen engaged in extensive, frank, and productive discussions with China's key officials, emphasizing the importance of maintaining a robust economic relationship between the two nations.
Yellen made it clear that the U.S. is not seeking to decouple from China, highlighting that a healthy economic partnership would be mutually beneficial not only for both countries but also for the global economy. This stance underscores the U.S. commitment to fostering collaborative economic ties despite ongoing geopolitical tensions.
However, Yellen also raised significant concerns regarding China's \"overcapacity\" in various industries. She pointed out that the Chinese government's support leading to overcapacity has adversely affected the economic interests of the U.S. and its allies. This issue of overcapacity has been a growing point of contention, with the U.S. and European Union intensifying their allegations against China.
As these tensions persist, China's overcapacity is expected to remain a primary flashpoint in Sino-US relations in the coming months. The outcomes of Yellen's visit could play a crucial role in determining the future trajectory of these bilateral ties, balancing cooperation with addressing contentious economic challenges.
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Yellen's visit will stabilize Sino-U.S. relations when risks in place
cgtn.com
