US Treasury Secretary Janet Yellen is set to meet Chinese Vice Premier He Lifeng, the Treasury said Monday, ahead of an economic summit in San Francisco where the countries' leaders are expected to convene.
Yellen will host He for two days of bilateral meetings, at "a time of more intensive diplomacy" aimed at stabilizing ties and helping with progress on economic issues, the Treasury Department said in a statement.
The talks on Thursday and Friday come before the Asia-Pacific Economic Cooperation (APEC) summit, which is anticipated to serve as a backdrop for President Joe Biden and Chinese leader Xi Jinping to meet.
The White House has said Biden is aiming for "constructive" talks with Xi -- set to be their first since they met in Bali in Indonesia November 2022.
The world's two biggest economies have had tense relations as they vie for influence in the Asia-Pacific region and beyond, and as Beijing boosts cooperation with Russia in a bid to reduce US dominance.
But a number of high level US officials have visited China in recent months, including Secretary of State Antony Blinken, as well as Treasury and Commerce Secretaries Janet Yellen and Gina Raimondo.
Yellen's planned meetings with He come after "significant strides" in deepening communication between the two countries, the Treasury said Monday.
In their upcoming meetings, both sides are expected to share views on their respective economies and the global economy, said a Treasury official on condition of anonymity.
Yellen is also anticipated to raise concerns on economic practices such as barriers to market access, and discuss issues relating to national security concerns, the official added.
There are also plans to speak on challenges like climate change and debt distress, seeking areas of cooperation, the official said.
Artificial Intelligence Analysis
Objectives:
US Treasury Secretary Janet Yellen is set to meet Chinese Vice Premier He Lifeng ahead of the Asia Pacific Economic Cooperation (APEC) summit in San Francisco.
Current
State-of-the-Art and Limitations:
US-China relations have been tense and the countries are vying for influence in the Asia-Pacific region. High level US officials have visited China in recent months in an effort to stabilize ties and progress on economic issues.
Whats New:
Yellen and He are expected to share views on their respective economies and the global economy and discuss issues relating to market access, national security concerns, climate change and debt distress.
Target Audience:
US and Chinese leaders.Impact if successful:
The talks could help reduce US-China tensions and lead to progress on economic issues.
Risks :
There is a risk that the talks will not lead to progress on economic issues.
Cost :
Unknown.
Timeline:
Yellen and He will meet for two days of bilateral meetings on Thursday and Friday before the APEC summit.
Success Metrics:
Progress on economic issues and reduced US-China tensions
Score: for DARPA:
3/10
This text does not relate to DARPAs objectives and does not provide any information on potential risks or costs associated with pursuing this approach.
