US Treasury Secretary Janet Yellen expressed her enthusiasm for enhancing US-China relations, while finance ministers discuss global economic challenges in India. G-7 nations are focusing on assisting Ukraine and reforming multilateral development banks.
US Treasury Secretary Janet Yellen will meet Chinese Premier Li Qiang on Friday to cap a packed day of talks with officials and businesses in Beijing, as Washington seeks to steady the tense relationship between the world's top two economies.On Friday afternoon, Yellen is due to meet Premier Li at the Great Hall of the People, providing a chance to discuss the economic relationship, raise concerns and find opportunities for collaboration.
Yellen delivered the forceful defense of American industry on her first day of meetings in Beijing during a high-stakes trip to ease tension between the United States and China. Her comments, to a group of executives from American businesses operating in China, underscored challenges that the world s two largest economies face as they look to move beyond their deep differences.
US Treasury Secretary Janet Yellen during her four-day trip to China highlights the complexity of the decoupling of US and Chinese economies underscoring it would risk destabilizing global economies thus making it "virtually impossible".