Treasury Secretary Janet Yellen got her first chance for extensive talks with China’s new economic chief, Vice Premier He Lifeng, who has close ties with Xi Jinping.
Sent into retirement were well-regarded veterans of past negotiations such as Liu He, the unflappable diplomat who led China’s trade delegation during the turbulent Donald Trump years. In their place came officials who were virtual blank slates to their U.S. counterparts, men known mostly for unfailing loyalty to Chinese President Xi Jinping, the country’s most powerful ruler since Mao Zedong.
The treasury secretary, a familiar face on the global stage from her tenure as chair of the Federal Reserve, has urged China to “shift toward market reforms,” while He has a record of supporting state-directed investments during a government career spent mostly in city and regional posts. He backed a massive development project in Tianjin that drew criticism as a white elephant before heading China’s central planning agency, where he emphasized an outsize economic role for the state.
In a statement after the roughly six-hour meeting, which continued over dinner, Treasury said the talks had been “candid, constructive, and comprehensive.” The two sides discussed economic issues and potential areas of cooperation, including climate finance and debt relief for low-income countries.He’s links to Xi date to the 1980s, when the latter was deputy mayor of the port city of Xiamen, and He was the city’s finance director.
“He is the epitome of a Xi Jinping protégé,” said Wilder. “This means that He Lifeng knows Xi Jinping’s mind better than just about anyone else, including Premier Li Qiang. He is an ultimate insider and an ultimate loyalist. Whatever Xi wants of him, he will do without hesitation.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants.
Les mer »
U.S. Treasury Secretary Janet Yellen visits China as part of efforts to soothe strained relationsTreasury Secretary Janet Yellen plans to tell Chinese officials Washington wants healthy economic competition but will defend U.S. trade curbs imposed on security grounds and express concern about Beijing’s export controls on metals used in semiconductors and solar panels, a senior Treasury official said Thursday.
Les mer »
U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang'The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,' U.S. Treasury Secretary Yellen said.
Les mer »
U.S. Treasury chief Janet Yellen pushes China over 'punitive actions' against American businessesU.S. Treasury Secretary Janet Yellen, in Beijing for meetings with top Chinese officials and American companies that do business in the country, said the U.S. welcomes healthy economic competition with China, but only if it's fair.
Les mer »
Treasury Secretary Yellen criticizes China's treatment of US companiesDuring a meeting with business executives in Beijing, U.S. Treasury Secretary Janet Yellen called out China’s harsh treatment of American companies and asked for changes.
Les mer »
Yellen touches down in China for Biden administration's 2nd high-stakes trip to Beijing in weeksTreasury Secretary Janet Yellen landed in Beijing for a 3-day visit with senior PRC officials just weeks after Secretary of State Antony Blinken's trip.
Les mer »