Friday 29th of November 2024
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diplomacy alla americana.....

US Treasury secretary Janet Yellen will visit Beijing this week, marking the second trip by a cabinet official to China since ties between the world’s top two economies deteriorated earlier this year.

Yellen is expected to discuss with her counterparts the importance for both countries “to responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges”, said the Treasury Department in a statement on Sunday.

 

Yellen’s planned trip from 6-9 July comes just weeks after secretary of state Antony Blinken met President Xi Jinping and foreign minister Qin Gang in Beijing in June.

Blinken was the highest-ranking US official to visit the Chinese capital in nearly five years, and Xi said during the rare trip that he saw headway in the strained relationship between Washington and Beijing.

In Beijing, Yellen will discuss how the US views its economic relationship with China, a senior Treasury official said on Sunday. She will meet senior Chinese officials and leading US firms, the US spokesperson said without providing specifics.

While the US seeks to secure its national security interests and protect human rights, actions to this effect are “not intended to gain economic advantage over China”, the official added.

Washington also looks towards “healthy” ties with Beijing and does not seek to decouple the economies, while pursuing cooperation on urgent challenges like climate change and debt distress, the US official said.

The US does not expect “significant breakthrough” from this initial trip, but it does aim to build longer-term channels of communication with China, the Treasury official added.

Edward Alden, a senior fellow at the Council on Foreign Relations (CFR) told AFP: “I think the US government is clearly trying to put some floor under the deterioration of the economic relationship.”

A Yellen trip could “restart a steady pattern of engagement at lower levels”, he said, adding that the US has shifted from being ambiguous about how far it was supporting decoupling to explicitly adopting a strategy of “derisking”instead.

On Beijing’s part, officials are “looking for concrete steps taken by the US to show that ‘decoupling’ and holding back China is not the ultimate goal of the United States,” said Wendy Cutler, vice-president at the Asia Society Policy Institute.

https://www.theguardian.com/business/2023/jul/03/us-treasury-secretary-janet-yellen-to-visit-china-to-build-healthy-ties-with-beijing

 

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bidenoscat....

https://www.youtube.com/watch?v=ZWTESrbM8cQ

 

It’s 1970s dreaming

"All Biden does is pretend, says Prof Richard Wolff. That we’re strong. Presented in the fantastic language of a dream that might have been true in the 1970s

 

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yelling.....

After US Secretary of State Antony Blinken visited Beijing last month, Treasury Secretary Janet Yellen arrived in China seemingly to try to salvage relations with the Asian powerhouse. However, as the diplomatic waltz carries on, so US-China tensions, whether in the Indo-Pacific, or in the spheres of economy and technology, continue unabated.

Washington has launched more verbal attacks at Beijing, despite US Treasury Secretary Janet Yellen just having visited Beijing in an apparent attempt to try to improve strained relations.

The US accused China of carrying out “coercive and risky” moves in the disputed areas of the South China Sea in relation to vessels from the Philippines.

The new controversial statements against China came after the Western command of the Philippine military claimed that 48 Chinese fishing vessels had been seen near Recto Bank in the South China Sea.

Also referred to as Reed Tablemount, the contested Recto Bank is an underwater reef formation believed to contain significant reserves of oil and natural gas. Despite a lingering territorial dispute over the reef, the Philippines and China signed a memorandum of understanding in 2018 to conduct joint oil and gas exploration in the area. However, the agreement ended up in a deadlock.

The Philippines consider Recto Bank part of its 200 nautical-mile exclusive economic zone. After the Philippine Coast Guard claimed that two of its ships were "illegally thwarted" by a China Coast Guard ship in the South China Sea, Beijing responded by saying maneuvers of its vessels were “professional and restrained”.

 

"The Ren’ai Reef is part of China’s Nansha Islands. On 30 June, the Philippine Coast Guard vessels intruded into the waters off the Ren’ai Reef without Chinese permission. In accordance with the law, the Chinese Coast Guard vessel carried out law enforcement activities to uphold China’s territorial sovereignty and maritime order," said Foreign Ministry spokesman Wang Wenbin at a press conference.

 

The US has weighed in with its fresh accusations targeting China as tensions continue to brew in the highly contested area of the South China Sea. China has maintained territorial disputes with Taiwan, Indonesia, Malaysia, Vietnam, the Philippines and Brunei around islands in the region that have significant, untapped reserves. Furthermore, the passage of US warships, which Beijing highlights as a breach of international law and a ploy to undermine China's sovereignty and security, has adding to the tense situation. Washington insists that its naval force will remain in the area, despite the People's Republic of China repeatedly objecting to such moves.

https://sputnikglobe.com/20230707/us-lobs-fresh-accusations-at-beijing-amid-cooperation-rhetoric-spouted-by-yellen-1111712860.html

 

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yellenology......

https://www.youtube.com/watch?v=oWDesgUen08

I talk to RT about the US Treasure Secretary Janet Yellen's visit to China which caused a uproar at home in the US and underwhelming response from Chinese. I explain why Yellen refusing to deviate from Biden's policy of waging economic warfare against China is hitting a brick wall in trade negotiations with Chinese. What US termed "Healthy economic competition" is actually waging unrestricted economic warfare against China and Chinese people.

 

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