Joe Biden and Xi Jinping met in California on Wednesday, exchanging handshakes and smiles as they embarked on face-to-face dialogues that both sides hope will stabilise US-China relations. The US president opened his remarks by saying that tensions between the two countries should “not veer into conflict”. The Chinese president responded by saying that “turning their back on each other is not an option” for the superpowers. “Planet Earth is big enough for the two countries to succeed, and one country’s success is an opportunity for the other,” he said.…
Tag: Janet Yellen
Janet Yellen inadvertently ate hallucinogenic mushrooms in China – and started a trend
US treasury secretary Janet Yellen has started a craze in China for a magic mushroom-based dish called Jian shou qing, or “see hand blue”, after she was spotted eating the fungi, known for being hallucinogenic, while on a visit to Beijing in July. “I went with this large group of people and the person who’d arranged our dinner did the ordering. There was a delicious mushroom dish I was not aware that these mushrooms had hallucinogenic properties. I learned that later,” she told CNN. The dish is made from Lanmaoa…
US-China talks set out the most modest aim: better communication
When Janet Yellen left Beijing on Sunday after four days of talks, the US treasury secretary in effect admitted that the delegation achieved its main objective simply by sitting down with top Chinese officials. After years of dangerous and deepening separation between the people running the world’s two biggest economies, they were finally back in a room together. At a brief press conference that was the only tangible outcome of the talks, Yellen listed her hopes for the future. They included something that a decade ago would have been taken…
Janet Yellen tells China the world is ‘big enough for both our countries to thrive’
The US treasury secretary, Janet Yellen, has said a four-day trip to Beijing has put ties with China on a “surer footing” and paved the way for better communication between top officials who run the world’s two largest economies. This relatively modest outcome had been flagged by US officials and expected by analysts before Yellen arrived, and is a reflection of how fraught one of the world’s most critical relationships had become. “I expect that this trip will help build a resilient and productive channel of communication,” Yellen said at…
Janet Yellen urges China to boost funding to tackle climate crisis
US Treasury secretary Janet Yellen has pressed China to do more to support international climate institutions that are helping finance green initiatives around the world, urging deeper cooperation in addressing the “existential threat” of global heating. “Climate finance should be targeted efficiently and effectively,” Yellen said on Saturday in Beijing during a meeting with Chinese and international sustainable finance experts. “I believe that if China were to support existing multilateral climate institutions like the Green Climate Fund and the Climate Investment Funds alongside us and other donor governments, we could…
US Treasury secretary lands in Beijing in visit aimed at calming tensions
The US Treasury secretary, Janet Yellen, has arrived in Beijing on a four-day trip that aims to tame spiralling tensions between the world’s two largest economies, particularly over trade and the hi-tech chip industry. It is the second visit by a US cabinet official this year and is expected to highlight both the interdependence and the mistrust that characterises the relationship between the two superpowers. It takes place against a backdrop of hostilities from both sides, with the biggest focus at present the clash over chips vital for advanced technology…
US Treasury secretary Janet Yellen to visit China to build ‘healthy’ ties with Beijing
US Treasury secretary Janet Yellen will visit Beijing this week, marking the second trip by a cabinet official to China since ties between the world’s top two economies deteriorated earlier this year. Yellen is expected to discuss with her counterparts the importance for both countries “to responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges”, said the Treasury Department in a statement on Sunday. Yellen’s planned trip from 6-9 July comes just weeks after secretary of state Antony Blinken met President Xi…