Treasury Secretary Janet Yellen will embark on a four-day crucial visit to Beijing this week for meetings with senior Chinese officials aiming to improve communication and economic relations between the two countries.
The Tresury chief is expected to meet with U.S. companies doing business in China during the visit, which begins on Thursday, reports say.
After his meeting with his Chinese counterpart Xi Jinping in November last year, President Joe Biden had directed to deepen communication between Washington and Beijing on a range of issues, including on the global macroeconomy and financial developments.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.