Why Janet Yellen is going to China

News Snapshot:

Last month, U.S. Secretary of State Antony Blinken visited China in an attempt to partially smooth over the increasingly rocky relationship between the world’s two largest economies. Now it’s Treasury Secretary Janet Yellen’s turn. Yellen’s trip to Beijing, this Thursday through Sunday, comes at an especially delicate time in U.S.-China relations. Yellen and her aides are setting a low bar on reaching specific deals. There won’t be any concrete, written agreements between the U.S. and Chinese delegations, and the back-and-forth over export controls, predatory trade practices, and sanctions won’t be resolved. Yellen is also dealing with a new colleague on...