US Treasury Secretary Janet Yellen plans another China trip for 2024
- Disclosure comes in speech to be delivered this evening for 50th anniversary gala of the US-China Business Council
- One issue on her 2024 agenda will be to formalise communication between financial regulators in Washington and Beijing, which she calls ‘critical’
US Treasury Secretary Janet Yellen will make another trip to China next year where she will keep pressing Beijing for clarity on its “non-market practices”.
Yellen is to outline her 2024 US-China economic agenda at the 50th anniversary gala of the US-China Business Council on Thursday evening, in the latest effort in the US push to “responsibly manage” the relationship.
At the top of her agenda is facilitating exchanges between US and Chinese financial regulators, according to a preview of her speech shared by the Treasury.
“It is often well-understood that military leaders need to have quick and reliable means of communication to keep a crisis from spiralling out of control,” a transcript of the speech says.
“For economic policymakers responding to financial stress, it is also critical to know the counterpart on the other end of the line and be able to make a quick call.”