Yellen's Visit to China: Strengthening Economic Ties Amidst Shifting Supply Chains

Treasury Secretary Janet L. Yellen is set to visit China this week in an effort to improve relations between the two countries and discuss economic strategies aimed at reducing US companies' reliance on Chinese factories. Yellen's trip comes as China's economic rebound shows signs of flagging and the US prepares to announce new restrictions on investment in Chinese technology industries. The visit is part of a diplomatic offensive by the Biden administration to establish sustained lines of communication with Chinese officials, although no breakthroughs or concrete agreements are expected. The discussions may touch on issues such as the global economy, debt relief, and potential cooperation on climate change, but the two sides may clash over the US's plans to "de-risk" its commercial relationship with China.