Visit to Beijing a step forward to put US-China relations on ‘surer footing’, says Yellen

News Snapshot:

BEIJING – United States Treasury Secretary Janet Yellen on Sunday expressed hopes that the relationship between her country and China will move to a phase where top-level diplomacy is a given, after a four-day visit to Beijing that aimed to restart communication. She stressed that the US will continue to take targeted and transparent actions to diversify supply chains from China, but not to decouple the world’s two largest economies, which would be “disastrous for both countries and destabilising for the world”. Bilateral meetings had appeared to be back on track in November 2022 when US President Joe Biden and...