Treasury Secretary Janet Yellen is scheduled to visit China this week to advance the interests of U.S. workers, U.S. national security and attempt to cut down on climate change. Yellen will travel to Gwangju, China, from Thursday to Saturday before heading to Beijing for meetings and engagements from April 7 to April 9, according to a senior treasury official. During her visit to China, Yellen will meet with senior Chinese government officials, leading U.S.
According to the official, the U.S. has had the fastest economic recovery in recent memory, with strong growth and a strong labor market. "Our economic strength is being bolstered by President Biden's historic investment agenda at home and infrastructure, semiconductors and advanced manufacturing," the official said. "Because of the work by the president, Secretary Yellen, and the administration, the U.S.
Yellen will also seek to expand cooperation with China to tackle illicit finance, which the official said is crucial in addressing fraud, drug trafficking and global crime syndicates. Additionally, the secretary hopes to deepen work on priorities that benefit the U.S. and China, as well as the world as a whole, which includes bolstering financial stability to protect our economies from potential risks, the official said.
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