Yellen Meets Old Guard of Chinese Economy on Trip to Mend Ties
- She’s second member of Biden’s cabinet to visit China recently
- Treasury secretary to also meet Chinese Premier Li Qiang
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US Treasury Secretary Janet Yellen sat down with two old guards of China’s economic policy on Friday, as she begins two days of talks designed to stabilize fraught ties between the two superpowers.
Yellen’s informal talks with former Vice Premier Liu He and the People’s Bank of China governor Yi Gang were substantive, according to a US Treasury official, who said the trio discussed their domestic economies, as well as the global outlook.