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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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.