29.1 C
Delhi
Wednesday, September 17, 2025

US Treasury Secretary says will visit China next year

Date:

Share post:

Donate-GC-Razorpay

Washington: US Treasury Secretary Janet Yellen, during remarks at a US-China Business Council dinner, said she will visit China next year for talks with her Chinese counterpart on challenging issues.

“I plan to take my second trip to China as Treasury Secretary, where a significant portion of the agenda will focus on discussing difficult areas of concern with my counterpart,” Yellen said Thursday.

Yellen, in her remarks, laid out the Treasury Department’s priorities for next year, which will focus on continuing to responsibly manage the US-China economic relationship. However, Yellen highlighted that the US will not attempt to resolve all of the disagreements between the two countries because it would be an unrealistic goal.

Moreover, Yellen said both sides will work on strengthening bilateral communication with the hope that it will help prevent misunderstandings that could lead to a dangerous escalation. The US will maintain its commitment to clear communication on its actions, from its restrictions on US investment in China to sanctions, Yellen said.

The US and China will also facilitate exchanges between their financial regulators, such as what the United States does regularly with other major financial centers such as the European Union and the United Kingdom, Yellen said.

Yellen said the US will continue to push for the two countries to jointly address global challenges, including issues related to climate change.

The US, Yellen said, also wants to seek faster progress on China’s sovereign debt restructurings in outstanding cases and advocate for needed changes to the debt architecture. The US will also continue to look for ways to continue partnering with China to strengthen the international financial architecture, including through evolving the multilateral development banks, Yellen said.

Related articles

The American Military in Bangladesh: Quiet Landings, Loud Questions

The quiet arrival of American boots on Bangladeshi soil has raised eyebrows not just in Dhaka but in...

Qatar’s Blood Money: How Doha Bankrolled Hamas and Fueled the October 7 Massacre

 Since 2012, Qatar has positioned itself as Gaza’s saviour while quietly acting as its executioner. The numbers are...

Goa Is Not Falling, Goa Is Rising Differently – Go Goa 365 Days

Don’t fall for the negative stories about falling numbers of Goan tourists even though my good friend Tehseen...

TDB backs India’s first 240V electric motorcycle platform

New Delhi: Aligning with the government’s Aatmanirbhar Bharat mission, the Technology Development Board (TDB) under the Department of...