Janet Yellen's Visit to the Chinese Mainland: A Step Towards Renewed US Economic Ties
Janet Yellen, the U.S. Treasury Secretary, is currently visiting the Chinese mainland from April 4 to 9, underscoring the importance of maintaining stable economic relations between the world's two largest economies.
In recent months, the U.S. has been pursuing a \"decoupling\" and \"de-risking\" strategy, particularly targeting Chinese high-tech sectors like semiconductors. This approach has involved imposing trade barriers, including tariffs and non-tariff barriers, as well as sanctions on Chinese business entities.
Yellen's visit marks her second trip as Treasury Secretary and the first high-level exchange between Washington and Beijing this year. The visit highlights the cooperative efforts of both nations to leverage high-level business diplomacy in resolving bilateral trade disputes and disagreements.
This diplomatic engagement could pave the way for the continuation of positive economic relations between Beijing and Washington, contributing to the stability of global supply chains that are essential for businesses and consumers worldwide.
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Yellen's China visit should resurrect China-U.S. economic ties
cgtn.com
