questions raised over the safety of the vessel. the us treasury secretary janet yellen is expected to meet the chinese premier li qiang on friday as washington and beijing continue their efforts to ease diplomatic tensions. ms yellen flew in to china on thursday. on her agenda, american worries about chinese restrictions on us corporations while she ll also likely face some questions about why washington is barring chinese firms from some of its markets. all this comes as china looks to revitalise an economy which was hit hard by covid. so janet yellen s visit is clearly important to beijing but what will washington hope to achieve from it?0ur north america correspondent jessica parker has more. it s interesting, both ahead of the recent blinken visit and now ahead of janet yellen s visit as well. expectations of any kind
propaganda victories. this would be another one like the blinken visit was a propaganda victory. bryan: let s bring in grover norquist, president of americans for tax reform. grover, appreciate it. let s start off, she says the goal to stabilize the relationship, we need channels of communication. at the same time the biden administration has been preparing for months an executive order to curb investment, to cut off the chinese from receiving technology that doesn t seem like china wants anything other than, they don t want those. where do we come to an impasse here? looks like the chinese are not going to want that at all. the u.s. economy is not doing well, but inflation was not caused by china, it was caused by janet yellen and joe biden s spending plans. if she wants to look at the problems we have in the u.s., look in the mirror. yellen and president biden and
lack of confidence in the chinese economy within china and that is, i think, a very worrisome starting point which, in a way, justifies, in my opinion, the more appealing idea of this blinken visit, even from china s side, because china needs, more than ever, foreign investment. foreign investment. alicia garcia herrero, foreign investment. alicia garcia herrero, really- foreign investment. alicia. garcia herrero, really good foreign investment. alicia - garcia herrero, really good to get your take on this trip, which is quite a significant trip. chief economist at natixis. thank you very much. well, let s stay with china because italy s government has decided that the chief executive of the tyre maker pirelli cannot be designated by its main chinese shareholder sinochem. the decision is a part of measures announced designed to protect the autonomy of pirelli. let s go to our asia business hub to get more detail. mariko oi is there
predictable. i think they chose that word to show some inclination for biden, but whether that is actually the case is still very big question. case is still very big question. case is still very big cuestion. ., ., , question. and also, of course, this visit is question. and also, of course, this visit is going question. and also, of course, this visit is going on question. and also, of course, this visit is going on with - question. and also, of course, this visit is going on with a - this visit is going on with a backdrop of the chinese economy thatis backdrop of the chinese economy that is struggling to a degree. it had a very strong first quarter this year, which was a big bounce when restrictions were lifted in china, but now it s really languishing and thatis it s really languishing and that is a concern to beijing. yes, indeed. i mean, iwould say that from march already, and certainly april, may, the date has been totally underwhelming. we seek the chinese economy, lit
hearing, has held what the us calls candid and constructive talks with china s foreign minister in beijing. this at the start of two days of meetings with chinese officials. mr blinken emphasised the need for diplomacy and keeping open channels of communication us officials added. the trip to china is the first by a top us diplomat in almost five years and comes months after an earlier visit by the secretary of state was postponed when a suspected chinese spy balloon flew in us airspace. can this trip reboot relations? to discuss this and what s at stake for the world s two biggest economies, i m joined by alicia garcia herrero chief economist at natixis. good to have you on the programme. from your perspective, when we are looking at trade, the two biggest economies in the world, how important is this trip? extremely important. and the