Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China

Treasury Secretary Janet Yellen landed successful Beijing Thursday connected a four-day travel aimed astatine uncovering communal crushed arsenic rivalry betwixt the U.S. and China becomes progressively adversarial.

Yellen's travel marks a deepening thaw successful ties betwixt the U.S. and China and comes weeks aft Secretary of State Antony Blinken's sojourn to Beijing successful past month, which was the archetypal high-level gathering betwixt the 2 countries aft months of tensions.

"The 2 sides are fundamentally talking, trying to find the strategical abstraction for some sides to operate, and this volition beryllium precise bully for the remainder of the world," Andrew Sheng, a distinguished chap astatine the University of Hong Kong's Asia Global Institute, told CNBC Thursday.

Yellen's travel comes conscionable days aft China abruptly imposed export curbs connected chipmaking metals and its compounds, escalating Beijing's technological warfare with the U.S. and Europe.

Before departing for China, Yellen had a "frank and productive discussion" with Xie Feng, the Chinese U.S. ambassador, according to the U.S. Treasury.

"While successful Beijing, Secretary Yellen volition sermon with [People's Republic of China] officials the value for our countries — arsenic the world's 2 largest economies — to responsibly negociate our relationship, pass straight astir areas of concern, and enactment unneurotic to code planetary challenges," the Treasury Department said Sunday.

In an April speech, Yellen stressed the importance of fairness successful the U.S. economical contention with China.

She outlined three economical priorities for the U.S.-China relationship: securing nationalist information interests and protecting quality rights, fostering mutually beneficial maturation and cooperating connected planetary challenges similar clime alteration and indebtedness distress.

A elder medication authoritative told reporters Sunday that Yellen's sojourn volition underscore these objectives.

"We bash not question to decouple our economies," the authoritative said. "A afloat cessation of commercialized and concern would beryllium destabilizing for some of our countries and the planetary economy."