US Treasury Secretary Yellen Plans to Visit China

Treasury Secretary Janet Yellen plans to visit China in July Treasury Secretary Janet Yellen plans to visit Beijing in early July for the first high-level economic talks with her new Chinese counterpart. Yellen said in April that the trip had been long anticipated but had been postponed “until the appropriate time,” Bloomberg reported, citing sources. In addition, people familiar with the internal deliberations said the Biden administration was finalizing an executive order that would regulate and potentially halt some U.S. investments in China, and officials were aiming to have it ready by late July. The Treasury secretary will be the second U.S. Cabinet official to travel to Beijing since relations between the world’s two largest economies soured earlier this year. Secretary of State Antony Blinken met with his counterpart. U.S. and Chinese officials described Blinken’s visit as productive and said the two sides held cordial talks on a range of issues.