© Reuters. Yellen’s Diplomatic Dash: Second China Visit Targets Economic Issues
Benzinga – by Bibhu Pattnaik, Benzinga Staff Writer.
Treasury Secretary Janet Yellen is scheduled to make her second trip to China next month. This visit comes during ongoing economic tensions between the two countries.
Yellen’s upcoming trip underscores the efforts of President Joe Biden‘s 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 de-escalating trade tensions, reports Politico.
Yellen’s visit to China is expected to include meetings with high-ranking officials, including Chinese President Xi Jinping and Vice Premier Liu He.
These discussions are crucial for both countries as they seek to navigate complex economic and geopolitical landscapes.
The U.S.-China relationship has been fraught with tension recently, ranging from trade and technology to human rights and national security.
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Yellen’s visit underscores the importance of maintaining open lines of communication between the world’s two largest economies.
As this diplomatic movement takes place, investors may want to monitor China-related stocks and ETFs during this period of heightened activity.
Some stocks to watch include Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (OTCMKTS: TCEHY). Additionally, ETFs like the iShares China Large-Cap ETF (NYSEARCA: FXI) and the Xtrackers Harvest CSI 300 China A-Shares ETF (NYSEARCA: ASHR) could be influenced by developments in U.S.-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 her 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 AI tools and was reviewed and published by Benzinga editors.
Treasury Secretary Janet Yellen. Benzinga file photo by Dustin Blitchok.
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