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Free AccessMOFCOM Says Trade Teams Still In Contact, Confirms Liu/Yellen Meeting
The Chinese Ministry of Commerce has stated that US and Chinese trade teams remain in 'sound communication', while also confirming that Vice Premier Liu He will meet with US Treasury Secretary Janet Yellen in Switzerland on Wednesday 18 January.
- This will be the first face-to-face meeting between Yellen and a senior Chinese gov't official. Axios reports an unnamed Treasury Dep't official stating that the two will discuss "macroeconomic developments and other economic issues".
- Yellen has also voiced the view that the US should seek to hold further discussions with allies before launching an executive order that would act as an obstacle to investment in certain Chinese industries. This is primarily focused on seeking to halt China's advancement in high-tech semiconductors and microchips that could boost the country's military capacities.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.