It could also be seen as retaliation for export limits the U.S. The Chinese Commerce Ministry described the move as an effort to promote national security. This week, China announced new limits on exports of key minerals used in making semiconductors and solar panels. Her visit - her first to China as Treasury Secretary - comes less than three weeks after Secretary of State Antony Blinken visited Beijing. She's due to be in China from July 6-9.īut the secretary hopes to forge stronger communications with China's new economic leaders in an effort to avoid an deeper souring of relations between the world's two biggest economies. Treasury officials say they don't expect any diplomatic breakthroughs from Yellen's trip, which will also include meetings with Chinese citizens and U.S. ![]() Treasury Secretary Janet Yellen is on her way to Beijing for talks with her Chinese counterparts at a tense time for the two countries, with tit-for-tat trade restrictions and rising strategic frictions around Taiwan and the South China Sea.
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