Treasury Secretary Janet Yellen is visiting two of China’s neighbors where she has pushed firms to move their operations—just a week after she reassured officials in Beijing that the U.S. wasn’t out to sever trade and investment ties. U.S. and Chinese officials agreed to keep talking after Yellen’s trip , a positive sign after relations plummeted over Taiwan, technology, the Ukraine war and a Chinese balloon. “It’s a thin line for Secretary Yellen to walk after the China trip," said Huong Le Thu, an adjunct fellow at the Center for Strategic and International Studies who studies southeast Asia. Yellen will also gather in India with European and other global officials, who are likely to seek information on her trip to China. “Everyone is going to be interested in what Yellen has to say about the China trip," said Mark Sobel, a former Treasury official.

Source: Wall Street Journal July 13, 2023 17:43 UTC