US Treasury Secretary Yellen will meet with Chinese Vice Premier Liu He on Wednesday

The meeting was announced on Monday. U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday in Zurich.

A US Treasury official said the two will:

  • exchange views on economic developments
  • deepen communication between the world's two largest economies
  • how to enhance cooperation
  • discuss global challenges like the possibility of a world recession
  • discuss the corresponding risks

It's the first in-person meeting between the two and is indicative of the slight warming in relations.

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This meeting is likely to generate headline remarks from both sides. Probably constructive ones given the US Treasury statements above.

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Liu He is the guy that wiped the floor with the US negotiatiors during the previous administration.

liu he yellen 05 July 2022

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