U.S. Secretary of the Treasury Janet Yellen has met with China's new Ambassador to the United States Xie Feng.
The Department of the Treasury said the meeting was "frank and productive". "The discussion supported ongoing efforts to maintain open lines of communication and responsibly manage the U.S.-China bilateral relationship, in line with Secretary Yellen's upcoming trip to Beijing".
The Treasury had announced Sunday that 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.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.