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U.S. DEPARTMENT OF THE TREASURY
Media Advisory: Secretary of the Treasury Janet L. Yellen to Travel
to the People’s Republic of China
July 2, 2023

WASHINGTON – Secretary of the Treasury Janet L. Yellen will travel to Beijing, the People’s
Republic of China (PRC) from July 6-9 for meetings with senior PRC officials.
Secretary Yellen’s travel follows President Biden’s directive after his meeting with President Xi last
November to deepen communication between the U.S. and the PRC on a range of issues, including
on the global macroeconomy and financial developments. While in Beijing, Secretary Yellen will
discuss with PRC officials the importance for our countries – as the world’s two largest economies
– to responsibly manage our relationship, communicate directly about areas of concern, and work
together to address global challenges.
In an April speech, Secretary Yellen laid out three principles guiding America’s economic
relationship with the PRC. The United States proceeds with confidence in our long-term economic
strength thanks to our historically strong recovery and the investments the Biden Administration is
making in America’s productive capacity. First, we seek to secure our national security interests
along with those of our allies and to protect human rights through targeted actions that are not
intended to gain economic advantage. Second, we seek a healthy economic relationship with
China that fosters mutually beneficial growth and innovation and expands economic opportunity
for American workers and businesses. Finally, we also seek to cooperate on urgent global
challenges like climate change and debt distress.
Additional details of Secretary Yellen’s travel will be announced at a later date.
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