US Treasury Secretary Yellen's visit to China from July 6th, morning reading | China and the United States agreed upon China | Yellen | United States

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US Treasury Secretary Yellen's visit to China this week

※, the Information Office of the Ministry of Finance of China stated on July 3 that as agreed by China and the United States, US Treasury Secretary Janet Yellen will visit China from July 6 to 9. This will be Yellen's first visit to China as Minister of Finance, and she will also become the second US ministerial official to visit China in the near future. Public opinion believes that the visit shows that China and the United States are trying to further deepen communication and stabilize tensions. However, some major differences between China and the United States may not be resolved with a single visit.

On July 6th, Yellen will arrive in Beijing for a long-awaited visit to China. The outside world believes that Yellen's visit is of great significance at a time of increasing global economic uncertainty.

According to senior officials from the US Treasury Department, the purpose of this visit is to deepen and strengthen communication frequency between the two countries, stabilize bilateral relations, avoid communication barriers, and expand cooperation if possible. Yellen will also become the second US ministerial level official to visit Beijing in the near future.

At present, Yellen's specific itinerary has not been announced yet. However, according to US Treasury officials, Yellen will meet with some senior Chinese officials and executives of US companies in China.

Another government official told Reuters that Yellen may hold high-level economic talks with Chinese Vice Premier He Lifeng, who will take over economic affairs from Liu He. Recently, Yellen also stated in an interview that China has recently appointed a group of senior officials, many of whom have had little interaction with US officials. "I think it is particularly important to establish some private relationships," he said.

In January of this year, Yellen held talks with the then Vice Premier of the State Council, Liu He, in Zurich, Switzerland. The atmosphere was friendly and harmonious, sending positive signals; In April this year, Yellen emphasized the importance of maintaining relations with China and stated that decoupling would be a huge mistake.

Last week, Yellen reiterated in an interview with Microsoft National Broadcasting Corporation that US China relations are crucial to the entire world. She said that "healthy competition" can benefit workers and businesses in both countries. She also stated that she hopes that this visit to China will establish new connections, and the two countries "need to discuss their differences" to eliminate misunderstandings.

At present, China US relations are at a delicate moment. The public opinion believes that although the latest developments have released positive signals of stable relations between the two countries, Yellen's trip is still shrouded in dark clouds.

Just as Yellen was preparing to visit Beijing, the Biden administration was still contemplating a series of measures to suppress China. For example, the Biden administration is preparing to launch an executive order that will strictly restrict American companies from investing in certain high-tech industries in China. In addition, the Biden administration is weighing further tightening export control measures and imposing additional restrictions on semiconductor exports to China, with the intention of weakening China's ability to develop advanced artificial intelligence.

At the same time, American officials, including Yellen, have repeatedly called on American multinational corporations to transfer their supply chains to regions outside of China. In this context, it is speculated that Yellen may engage in discussions with China in Beijing on a wide range of topics such as macroeconomic policies, debt issues, climate change, and other sensitive issues, including human rights issues, China's investigation into Micron Corporation, and China's recent foreign relations law.

The Wall Street Journal stated that whether the two countries can establish a new normal and avoid falling back into a vicious cycle of mutual criticism and countermeasures during the visit of US officials such as Yellen to China will be put to the test.

§Shencheng

A few days ago, the Central Committee of the Communist Party of China approved Comrade Li Zheng as a member of the Standing Committee of the Shanghai Municipal Committee. The Shanghai Municipal Party Committee has decided that Comrade Li Zheng will be the Secretary-General of the Municipal Party Committee.

●Yesterday, the Shanghai Municipal Market Supervision Bureau officially issued the ''Notice on the Launch of Several Measures to Further Optimize the Business Environment of the Inspection and Testing Industry'', reducing the administrative approval time limit for the qualification of inspection and testing institutions from the statutory 10 working days to 5 working days. The time limit for the written review of standard changes has been reduced from the statutory 30 working days to 20 working days, and the time limit for the certification and delivery process has been reduced from the statutory 7 working days to 5 working days.

§domestic

●The Central Meteorological Observatory continued to issue a blue rainstorm warning on July 3. Shandong, Shaanxi, Sichuan and other places suffered a new round of heavy rainfall, with heavy rains and heavy rains locally. With the superposition of rainfall in many places, the risk of disaster is high, and all departments respond quickly and actively do a good job in flood control, rescue and disaster relief work to ensure the safety of people's lives and property.

●At 10 a.m. on the 3rd, the Chinese Navy's "Peace Ark" hospital ship set sail from a military port in Zhoushan, Zhejiang, and went to Kiribati, Tonga, Vanuatu, Solomon Islands, East Timor and other five countries to perform the "Harmony Mission -2023" mission. This is the ninth time that the "Peace Ark" hospital ship has carried out the "Harmony Mission" mission. It is also the first time that a Chinese naval ship has visited Kiribati and Solomon Islands and carried out humanitarian medical services.

● The latest data from the State-owned Assets Supervision and Administration Commission of the State Council show that from January to May 2023, central enterprises completed investment of 1.7 trillion billion yuan, a year-on-year increase of 12.5 percent. Among them, investment in fixed assets was 1 trillion yuan, up 20.4 year on year.

State Councilor and Defense Minister Li Shangfu met with Russian Navy Commander-in-Chief Yevmenov in Beijing on the 3rd.

●The reporter learned from the press conference of the National Health Commission on the 3rd that my country has established 40 national-level medical emergency teams, 6500 provincial, city, and county-level medical emergency teams, and the national medical emergency expert group covers 22 specialties. field.

●The reporter learned from the National Development and Reform Commission on the 3rd that in order to promote the return of live pig prices to a reasonable range as soon as possible, the National Development and Reform Commission will work with relevant parties to start the second batch of central pork reserves during the year, and guide the simultaneous collection and storage of local governments.

§International

● French President Macron held a meeting on the evening of the 2nd and asked the government to make every effort to restore national order. That night, there were still conflicts in some cities in France, but from a national perspective, the degree of riots was significantly lower than in the previous few days.

● Russian Deputy Prime Minister Novak said on the 3rd that in order to ensure market balance, Russia has decided to reduce its daily oil exports to the global market by 500000 barrels in August.

●The British "Financial Times" disclosed on the 3rd that the European Union is considering indirectly allowing the Agricultural Bank of Russia to re-access the Global Interbank Financial Communications Association system, thereby prompting Russia to agree to continue to extend the Black Sea port agricultural product export agreement.

●The results of the short-term economic observation survey of companies released by the Bank of Japan on the 3rd showed that due to the decline in energy and resource prices in the international market and the obvious easing of supply-side constraints in industries such as semiconductors, the confidence of large Japanese manufacturing companies in the second quarter of this year has declined after several consecutive quarters. Pick up.

In the early morning of the 3rd, the Israel Defense Forces carried out an "anti-terrorism operation" against the Palestinian refugee camp in Jenin, the West Bank city ". The Palestinian Ministry of Health said that the Israeli military operation has caused at least 8 deaths and 50 injuries on the Palestinian side, 10 of whom were seriously injured.

New Zealand has become the first country in the world to ban the use of disposable thin plastic bags in supermarkets, which are usually used to wrap fresh goods such as fruits and vegetables, the BBC reported on the 3rd. This means that New Zealand supermarkets have banned all plastic bags.

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