Yellen to meet Chinese official in bid to ease tensions

WASHINGTON, Jan 17 ― US Treasury Secretary Janet Yellen will meet with a top Chinese official on Wednesday to discuss the global economy and seek to deepen communications between their countries, a Treasury official said yesterday.

US President Joe Biden and his Chinese counterpart Xi Jinping had vowed during a November meeting in Bali, Indonesia to improve communications after years of sharp tensions over trade, human rights, Taiwan and other issues. In Bali, Biden and Xi had pledged “to continue responsibly managing the competition between our two countries and to explore potential areas of cooperation,” the State Department said in November.

That delegation was also there to prepare a visit early this year by US Secretary of State Antony Blinken, to be the first by the top US diplomat in four years.

Source: Financial Digest (financialdigest.net)

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