Yellen's Visit to China: Limited Impact on Easing US-China Economic Tensions
Major Foreign Media "No Breakthrough in Crack Improvement, No Agreement"
US Treasury Secretary Janet Yellen's visit to China had limited impact on easing economic tensions between the US and China, major foreign media outlets commonly reported on the 9th (local time).
The New York Times (NYT) described Yellen's visit to China as "hostile China and the US are still talking. This is just the beginning," while also pointing out that "meaningful easing of economic tensions seems unlikely." It added, "Yellen returned to Washington without announcing any breakthrough or agreement to improve the ongoing rift between the two countries."
After concluding her four-day visit to China, Secretary Yellen said at a press conference that the talks were direct, substantive, and constructive, but "there are significant disagreements between the US and China."
Mark Sobel, former US Treasury Deputy Assistant Secretary, said, "Yellen's visit will temporarily lower the temperature in economic relations and remind both countries that they share some commercial interests," but noted that "it will hardly change the fundamental dynamics and trajectory of economic relations."
The Washington Post (WP) reported that "Yellen gained some advantages in economic talks with Chinese leaders," stating that while Yellen engaged in dialogue to improve relations with China, further disputes are expected soon. It also added that the US administration is expected to unveil new investment restrictions on Chinese advanced technology that could threaten US security within this month.
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The UK Financial Times (FT) also reported that throughout Yellen's visit to China, she emphasized the US desire to stabilize bilateral relations and mentioned possibilities for trade and economic cooperation, while noting that Chinese state media coverage of her visit was generally subdued.
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