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US Treasury Secretary Yellen arrived in Guangzhou, and the Deputy Minister of Finance personally picked her up at the airport. Six-day itinerary revealed

US Treasury SecretaryyellenArrive in Guangzhou, China by plane on Thursday (4th) afternoonMinistry of FinanceVice Minister Liao Min picked up the plane and shook hands with Yellen. US Ambassador to China Burns was also present to welcome her. Yellen was interviewed while passing through Arras and said that China’s commitment to new energyinvestPutting pressure on the world, Washington has not ruled out taking more measures to protect local industries from China’s overcapacity.

According to the announced schedule, Yellen will hold a roundtable discussion with economic experts in Guangzhou on Friday (5th) morning to discuss the challenges and opportunities facing the Chinese economy, and then meet with Wang Weizhong, Governor of Guangdong Province. In the afternoon, she will attend an event hosted by the American Chamber of Commerce in China, meet with leading representatives of the American business community in China, and deliver a speech on bilateral economic relations. Later that day, bilateral talks were held with He Lifeng, China’s vice premier in charge of economy and trade.

Yellen continued a series of bilateral talks with Ho Lifeng on Saturday (6th) and left for Beijing from Guangzhou on the same day. Next Sunday (7th), she will meet with Chinese Premier Li Qiang and Beijing Mayor Yin Yong respectively. On the afternoon of the 7th, she will meet with students and professors of Peking University. In the evening he participated in a bilateral meeting with Chinese Finance Minister Lan Foan. During her stay in Beijing, she will also meet some of China’s leading economists.

Next Monday (on the 8th), Yellen will meet with former Chinese Vice Premier Liu He and People’s Bank of China Governor Pan Gongsheng. In the afternoon, she will hold a press conference to summarize her visit to China. She will leave Beijing and return to the United States next Tuesday (9th).

Yellen said Washington is serious about developing local supply chains for electric vehicles, electric vehicle batteries, solar panels and other key products. These are areas where capacity has increased due to China’s heavy investment. “While we are working on providing solutions for some of these industries by providing tax subsidies, I don’t want to exclude other possible ways we can protect these industries.” She did not disclose what measures she was considering.

He said that not only the United States, but also many countries including Mexico, Europe and Japan are feeling tremendous pressure due to China’s massive investment in the new energy industry.

Yellen also said her visit would focus on developing healthy economic relations with China. The United States does not want economic isolation and believes that both sides can benefit from trade and investment, but they must do so under a level playing field.

Yellen arrived in Guangzhou to begin a six-day visit to mainland China. (Screenshot from Twitter)



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