Treasury Secretary Janet Yellen to go to China

News Snapshot:

Treasury Secretary Janet Yellen will travel to China this week and will meet with senior government officials, as well as U.S. firms doing business in China. Her visit builds on President Biden's directive after his meeting last year with President Xi Jinping to deepen communications between the world's two largest economies, a senior Treasury official said Sunday. Yellen does not expect to meet directly with Xi, the official said. But at a fundraiser in June, Mr. Biden equated Xi to "dictators" sparking the ire of the Chinese. Beijing's foreign ministry responded by calling Mr. Biden's comments "ridiculous" and amounted to...