Treasury Secretary Janet Yellen's Meetings in China
Treasury Secretary Janet Yellen is visiting China for four days of meetings with Chinese officials to increase high-level communication and deepen dialogue. She will discuss unfair trade practices, global economic consequences of Chinese industrial overcapacity, countering illicit finance, financial stability, climate change, and resolving debt distress in developing nations.
Key Points
- Discussing unfair trade practices and global economic consequences of Chinese industrial overcapacity
- Working on countering illicit finance and improving financial stability
- Addressing climate change and resolving debt distress in developing nations
Pros
- Increased high-level communication between U.S. and China
- Opportunity to discuss important economic and financial issues
Cons
- Historical trade tensions between EU and China may escalate