Treasury Secretary Janet Yellen to meet with senior officials in China this week

Treasury Secretary Janet Yellen volition travel to Beijing this week to conscionable with elder Chinese officials.

The Treasury said Yellen is expected to sermon a fig of macroeconomic and fiscal issues, arsenic good arsenic however the U.S. and China tin "responsibly negociate our relationship, pass straight astir areas of concern, and enactment unneurotic to code planetary challenges."

A elder medication authoritative told reporters that the travel is intended to "to deepen and summation the frequence of connection betwixt our countries moving guardant and to stabilize the relationship, debar miscommunication, and grow collaboration wherever we can."

The authoritative noted, however, that the Biden medication does not expect important breakthroughs during Yellen's trip. Treasury said it would supply further details connected her travel astatine a aboriginal date.

Chinese authorities broadcaster CCTV confirmed Yellen volition beryllium visiting from July 6-9.

In an April speech, Yellen outlined three economical priorities for the U.S.-China relationship: securing nationalist information interests, fostering mutually beneficial maturation and cooperating connected planetary challenges similar clime alteration and indebtedness distress.

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

Still, Yellen had emphasized successful April that the U.S. volition not hesitate to "defend our captious interests." She noted, however, that these measures are "motivated solely by our concerns astir our information and values" and not intended to "gain competitory economical advantage."

The elder medication authoritative reiterated that stance connected Sunday, saying "We bash not question to decouple our economies, a afloat cessation of commercialized and concern would beryllium destabilizing for some of our countries and the planetary economy."

Yellen's travel comes conscionable weeks aft Secretary of State Antony Blinken met with China's President Xi Jinping successful Beijing. During his meeting, Blinken highlighted the value of the economic relationship betwixt the 2 nations. He noted the maturation of large economies similar China is successful the U.S. interest, but "it's not successful our involvement to supply exertion to China that could beryllium utilized against us.

— CNBC's Evelyn Cheng contributed to this report.