Treasury Secretary Janet Yellen plans to tell Chinese officials that Washington wants healthy economic competition but will defend trade curbs imposed by the U.S. on security grounds and express concern about Beijing\u2019s export controls on metals used in semiconductors and solar panels, a senior Treasury official said Thursday.<\/p>\n\n\n\n
Yellen was due to meet Friday with China\u2019s No. 2 leader, Premier Li Qiang, as part of efforts to revive relations that are at their lowest level in decades due to disputes over security, technology and other irritants. Treasury officials have said she wouldn\u2019t meet with Chinese leader Xi Jinping.<\/p>\n\n\n\n
Washington doesn\u2019t support decoupling, or disconnecting U.S. and Chinese industries and markets, and Yellen will reiterate that message, the Treasury official said. Businesspeople have warned that might harm innovation and growth as both governments tighten controls on trade in technology and other goods deemed sensitive.<\/p>\n\n\n\n
Yellen<\/strong> planned to discuss \u201ctargeted action\u201d by Washington on trade due to national security or human rights concerns, according to the official, who briefed reporters on condition of anonymity.<\/p>\n\n\n\n Her visit follows one by Secretary of State Antony Blinken,<\/strong> who met Xi last month in the highest-level U.S. visit to Beijing in five years. The two agreed to stabilize relations but failed to agree on improving communications between their militaries.<\/strong><\/p>\n\n\n\n Major agreements aren\u2019t expected to come out of the meetings between Yellen and Chinese officials this week, says William Reinsch, a senior advisor at the Center for Strategic & International Studies in Washington. <\/p>\n\n\n\n Rather the hope of restarting dialogue between the two nations is the goal. \u201cThe best you can hope for this time around would be if the Chinese agree to some kind of structure for continuing economic conversations,\u201d he said.<\/p>\n\n\n\n China\u2019s government has been frustrated by U.S. curbs<\/strong>on Chinese access to advanced processor chips on security grounds. That threatens to delay or derail the ruling Communist Party\u2019s efforts to develop telecoms, artificial intelligence and other technologies.<\/p>\n\n\n\n Xi accused Washington in March of trying to hamper China\u2019s development. <\/p>\n\n\n\n Washington doesn\u2019t use security-related restrictions for economic benefit and considers national security \u201cnon-negotiable,\u201d the Treasury official said.<\/p>\n\n\n\n The United States wants \u201chealthy economic competition\u201d with China but considers some of Beijing\u2019s trade practices unfair, the official said. They said Yellen would detail those concerns in meetings with Chinese officials.<\/p>\n\n\n\n The official cited this week\u2019s announcement of Chinese export controls on gallium and germanium<\/strong> as an example of policies about which Washington wants more information. The announcement jolted South Korea and other countries whose industries use Chinese supplies of the metals.<\/p>\n\n\n\n Washington wants to \u201cpromote resilient supply chains\u201d and guard against excessive reliance on suppliers in critical areas but doesn\u2019t consider that to be decoupling, the Treasury official said.<\/p>\n\n\n\n Sourabh Gupta, a senior Asia-Pacific international relations policy specialist at the Institute for China-America Studies in Washington, said the U.S. argument that targeted restrictions are coming from a national security standpoint and not an economic competitiveness one isn\u2019t expected to convince the Chinese government but may provide further assurances that more communication between the countries is desired. <\/p>\n\n\n\n \u201cIt does help create a certain reassurance that at least the U.S. is looking for a good relationship,\u201d he said. <\/p>\n\n\n\n Yellen said earlier the two governments \u201ccan and need to find a way to live together\u201d in spite of their strained relations over geopolitics and economic development. <\/p>\n\n\n\n Treasury officials told reporters earlier in Washington the secretary wanted to focus on stabilizing the global economy and challenging Chinese support of Russia during its invasion of Ukraine.<\/p>\n\n\n\n The latest flareup came after President Joe Biden referred to Xi as a dictator<\/strong>. The Chinese government protested, but Biden said his blunt statements are \u201cjust not something I\u2019m going to change very much.\u201d<\/p>\n\n\n\n Ties became especially testy after a Chinese surveillance balloon<\/strong> flew over the United States in February and was subsequently shot down.<\/p>\n\n\n\n Biden\u2019s climate envoy, John Kerry, is slated to become the next administration official to visit China, next week, a State Department official confirmed Thursday.<\/p>\n\n\n\n China and the U.S. are the world\u2019s No. 1 and No. 2 top climate polluters, giving their one-on-one climate talks outsize importance. <\/p>\n\n\n\n The trip will be Kerry\u2019s first to China since it broke off climate discussions with the U.S. in August in retaliation for then-House Speaker Nancy Pelosi\u2019s travel to Taiwan. Kerry, a former Secretary of State, is pushing China to move faster to wean itself off of dirty-burning coal-fired power plants and commit itself to a plan to reduce leaks of destructive methane from natural gas.<\/p>\n","protected":false},"excerpt":{"rendered":" Treasury Secretary Janet Yellen plans to tell Chinese officials that Washington wants healthy economic competition but will defend trade curbs imposed by the U.S. on security grounds and express concern about Beijing\u2019s export controls on metals used in semiconductors and solar panels, a senior Treasury official said Thursday. Yellen was due to meet Friday with […]<\/p>\n","protected":false},"author":8,"featured_media":35777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61],"tags":[4836,11261,8311,5274,6263,5178,6044,10446,7421,5419,12478,9386,8307,8263,539,10668,5196,9127,5491,6032,2264,6543,10453,10769,10840,9246,10954,5252,5805,2471,6690,3459,8340,2470,7693,12085,11973,7811,96,3805,9712,3457,5655,11259,5795,7185,9277,10841,2711,6675,10329,6584,5180,9262,2354,3954,36,594,7898,8327,11113],"class_list":["post-35776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-access","tag-accused","tag-antony-blinken","tag-asia","tag-beijing","tag-biden","tag-blinken","tag-burning","tag-chinese","tag-chinese-support","tag-chips","tag-coal","tag-communist","tag-communist-party","tag-delay","tag-dictator","tag-economy","tag-february","tag-gas","tag-goods","tag-government","tag-growth","tag-guard","tag-house-speaker","tag-human-rights","tag-improving","tag-international","tag-invasion","tag-janet-yellen","tag-joe-biden","tag-korea","tag-leader-xi-jinping","tag-li-qiang","tag-nancy-pelosi","tag-national-security","tag-nations","tag-one","tag-pelosi","tag-china","tag-president","tag-reassurance","tag-russia","tag-security","tag-shot","tag-solar","tag-south-korea","tag-speaker","tag-surveillance","tag-taiwan","tag-technology","tag-trade","tag-travel","tag-ukraine","tag-united-states","tag-washington","tag-will","tag-world","tag-who","tag-xi","tag-xi-jinping","tag-yellen"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/35776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=35776"}],"version-history":[{"count":1,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/35776\/revisions"}],"predecessor-version":[{"id":52194,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/35776\/revisions\/52194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/35777"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=35776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=35776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=35776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}