Yellen meets China’s old guard in trip to mend ties

News Snapshot:

Dr Yellen has said for months she intends to visit China, but an escalation in tensions stemming from then-House Speaker Nancy Pelosi’s trip last year to Taiwan – which Beijing claims as part of China – and the flight of a Chinese balloon over the US left the plans in limbo. Dr Yellen and Mr Liu have built up something of a rapport. When the two met in January in Zurich, they left their aides behind as they kept talking. Despite stepping down as vice premier earlier this year, Mr Liu is still a trusted figure for Mr Xi on...