WASHINGTON – U.S. Treasury Secretary Janet Yellen will host Chinese Vice Premier He Lifeng for two days of talks this week, the most recent in a chain of high-level talks between U.S. and Chinese officers as the sector’s two biggest economies intention to ease tensions, the Treasury Department introduced Monday.
The Yellen-He talks set for Thursday and Friday come ahead of the start of the Asia-Pacific Economic Cooperation summit in San Francisco which begins November 11. President Joe Biden and Chinese President Xi Jinping are anticipated to meet subsequent week all through the summit, what will be the first engagement between the 2 leaders in just about a 12 months.
“As a foundation, our two nations have an obligation to establish resilient lines of open communication and to prevent our disagreements from spiraling into conflict,” Yellen wrote in a Washington Post op-ed to highlight the impending assembly. “But we also know that our relationship cannot be circumscribed to crisis management.”
The assembly between the 2 senior govt officers comes after Biden spoke with Chinese Foreign Minister Wang Yi on the White House for about an hour overdue closing month, when Beijing’s best diplomat got here to Washington for talks with U.S. Secretary of State Antony Blinken and White House nationwide safety adviser Jake Sullivan. Xi in a similar way met with Blinken in June when the secretary of State traveled to Beijing for talks with Wang.
Yellen closing met along with her counterpart He all through a July consult with to Beijing, when she prompt Chinese govt officers for cooperation on climate change and other global challenges and no longer to let sharp disagreements about business and different irritants derail family members.
China’s Foreign Ministry stated that He, who’s the federal government’s lead individual on U.S.-China financial and business problems, would consult with the U.S. from Nov. 8-12.
Yellen is predicted to magnify the message on local weather all through her talks with He in San Francisco. Treasury in a observation stated that Yellen can even underscore that the Biden management “will take targeted action to advance our national security and that of our allies, and protect human rights, but we do not use these tools to seek economic advantage.”
Tensions between the 2 international locations stay excessive, together with over U.S. export controls on complicated era. The Biden management has additionally taken Beijing to process for financial practices that it says have put U.S. corporations and staff at a drawback.
The U.S. has additionally criticized China’s lending practices below its $1 trillion Belt and Road Initiative, a community of initiatives and maritime lanes that snake round huge parts of the sector, basically Asia and Africa. Critics, together with the Biden management, say China’s initiatives incessantly create large debt and disclose international locations to undue affect through Beijing.
Yellen in her op-ed wrote she would elevate all through the conferences the management’s “serious concerns with Beijing’s unfair economic practices, including its large-scale use of non-market tools, its barriers to market access and its coercive actions against U.S. firms in China.”
The U.S. has additionally many times raised considerations about China’s assertive movements in the East and South China seas.
The U.S. army closing month launched a video of a Chinese fighter jet flying within 10 feet (3 meters) of an American B-52 bomber over the South China Sea, just about inflicting an twist of fate. Earlier in October, the Pentagon launched photos of some of the greater than 180 intercepts of U.S. warplanes through Chinese plane that passed off in the closing two years, phase of a development U.S. army officers name relating to.
The U.S. additionally has renewed a caution that it might shield the Philippines in case of an armed assault below a safety pact, after Chinese ships blocked and collided with two Philippine vessels off a contested shoal in the South China Sea.
Beijing has launched its personal video of shut encounters in the area, together with what it described as photos of the USS Ralph Johnson making a pointy flip and crossing in entrance of the bow of a Chinese military send. The U.S. destroyer additionally used to be captured crusing between two Chinese ships.
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Associated Press creator Ken Moritsugu in Beijing contributed to this record.