Yellen to Hold Pre-APEC Talks with Chinese Counterpart

U.S. Treasury Secretary Janet Yellen will hold high-level economic talks with her Chinese counterpart, Vice Premier He Lifeng, in San Francisco this week. The meetings aim to stabilize the bilateral economic relationship and make progress on key economic issues, including debt relief for developing countries and climate change financing. The talks will also address recent national security actions taken by the Biden administration, such as restrictions on investments in Chinese industries. The meetings will lay the groundwork for expected talks between President Biden and China's President Xi Jinping at the Asia-Pacific Economic Cooperation summit.