Janet Yellen begins trip to China

by times news cr

2024-04-09 18:44:00

The secretary of Tesoro United States, Janet Yellentravel to Chinaon his second visit to the country in less than a year, to address the business practices of Beijing what Washington considered “disloyal”.

The trip, which will last until the following Tuesday, will begin in Guangzhou (south) with a meeting with American businessmen living in the country and local officials.

In this southern city he will meet with the deputy prime minister He Lifengbefore returning to Beijing to hold meetings with his counterpart Lan Fo’an and with Premier Li Qiang and the governor of Banco Central Pan Gongsheng.

His previous trip ago eight months, contributed to stabilizing a troubled relationship between the world’s two largest economies, particularly through the creation of bilateral working groups.

This time Yellen hopes to talk about the “great investment in China in a set of industries, which leads to excess capacity” in terms of production, he explained to journalists.

“We are concerned about the effects that Chinese subsidies in these industries are having on USA and also in other countries,” he added.

2024-04-09 18:44:00

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