Despite conceding that there are differences between the two nations, US Treasury Secretary Janet Yellen said she wishes to visit China in order to restore communication with Beijing, according to an interview she gave to MSNBC on Wednesday (June 28).
The US-China relationship is experiencing increased stress and pessimism over national security problems such as Taiwan, Russia’s conflict in Ukraine, the expansion of US export restrictions on cutting-edge technology, and China’s state-led industrial policy.
Yellen was reported by MSNBC as stating, “There is a new group of leaders; we need to get to know one another.
My hope in going to China is to reestablish contact.” And in order to avoid misunderstandings and misinterpretations of one another’s intentions, we must communicate our differences with one another.
Even if it “imposes some economic costs on us,” the US is and will continue to take measures to preserve its national security interests, she told MSNBC.
A clear timeframe for any travel to China was not provided by Yellen. According to Bloomberg earlier this week, she intends to attend the first high-level economic discussions with her new Chinese counterpart in early July.