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The US and Chinese finance ministers are opening talks to lay the groundwork for a Biden-Xi meeting

November 9, 2023


Treasury Secretary Janet Yellen and her Chinese counterpart will meet in San Francisco on Thursday to start two days of talks aimed at making progress on a slew of economic issues when competition has markedly intensified between their countries.

Yellen’s talks with Vice Premier He Lifeng are designed to help lay the groundwork for an expected meeting between President Joe Biden and Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, which would be their first engagement in nearly a year.

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