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Yellen Visit Hailed as a Constructive Step, but Tensions Remain

China Market Intelligence Annie Whitehurst

Key Takeaways

  • While there were no substantive breakthroughs, Secretary of the Treasury Janet Yellen’s visit to China set the stage to expand bilateral dialogue.
  • Yellen highlighted the importance of economic relations with China and stressed the United States does not want to decouple from China but instead seeks to diversify and manage national security concerns in a targeted manner.
  • While both sides want to deepen engagement ahead of APEC in November, both are proceeding with caution.

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