Yellen Meets China’s Central Bank Governor as U.S. Seeks to Repair Ties With Beijing
NUSA DUA, Indonesia—Treasury Secretary Janet Yellen held her first meeting with a top Chinese economic official since House Speaker Nancy Pelosi‘s visit to Taiwan, as the Biden administration works to restore communication lines and prevent a spiraling economic conflict with the world’s second-largest economy.
Ms. Yellen met with People’s Bank of China Gov. Yi Gang for more than two hours on Wednesday on the sidelines of a summit of the Group of 20 major economies in Bali, Indonesia. They discussed the volatility in energy and commodity markets and the economic outlook for the two countries, according to a U.S. readout of the meeting. The People’s Bank of China called the exchange broad and constructive, but didn’t offer any further details.
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