No China hand, Treasury boss bowed too much but overall her visit seems to have lowered the bilateral decibels.
The Chinese government has made five demands on the United States, including the cancellation of its chip exports ban and sanctions, during US Treasury Secretary Janet Yellen’s four-day China trip ended Sunday.
China’s Ministry of Finance said in a statement on Monday that it has expressed concerns to Yellen about the extra tariffs, company sanctions, investment restrictions, export controls and Xinjiang product bans imposed by the US on China in recent years. It said the US should take concrete actions to respond to China’s concerns.
Chinese commentators said the China side arranged meetings between key economic officials and Yellen, showing that Beijing attaches great importance to her visit. They said Washington knows clearly what to do if it wants China to purchase its treasury bonds.