Secretary of the Treasury Janet Yellen he is scheduled for his second trip to China next month. This visit comes amid ongoing economic tensions between the two countries.
Yellen’s upcoming trip highlights the President’s efforts Joe Bidenthe administration to engage with Chinese officials on key economic issues.
The visit aims to address various concerns, including trade relations, currency policies and intellectual property rights.
The timing of Yellen’s trip is significant, as it follows recent discussions between U.S. and Chinese officials aimed at easing trade tensions, Politico reports.
Yellen’s visit to China is expected to include meetings with high-ranking officials, including the Chinese president Xi Jinping and deputy prime minister Liu He.
These discussions are crucial for both countries as they seek to navigate complex economic and geopolitical landscapes.
Relations between the United States and China have been fraught with tensions recently, ranging from trade and technology to human rights and national security.
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Yellen’s visit highlights the importance of keeping lines of communication open between the world’s two largest economies.
As this diplomatic movement unfolds, investors may want to monitor China-related stocks and ETFs during this period of intense activity.
Some stocks to keep an eye on include Alibaba Holding Group Ltd BABA AND Tencent Holdings Ltd Czech Republic. Furthermore, ETFs such as iShares China Large Cap ETF FXI and the Xtrackers Harvest CSI 300 China A-Shares ETF ASHR could be influenced by developments in US-China relations.
As Yellen prepares for her second trip to China, expectations are high for meaningful dialogue and progress on key economic issues.
The outcome of its meetings could have far-reaching implications for global trade and economic stability.
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This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
Treasury Secretary Janet Yellen. Benzinga stock photo by Dustin Blitchok.