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China raises five demands during Yellen’s visit

The Chinese government has made five demands on the United States, including the cancellation of its chip exports ban and sanctions, during US Treasury Secretary Janet Yellen's four-day China trip ended Sunday.

China's Ministry of Finance said in a statement on Monday that it has expressed concerns to Yellen about the extra tariffs, company sanctions, investment restrictions, export controls and Xinjiang product bans imposed by the US on China in recent years.

Chinese commentators said the China side arranged meetings between key economic officials and Yellen, showing that Beijing attaches great importance to her visit.

Ahead of Yellen's visit to Beijing, Chinese commentators had said that the former Fed chairman was coming to China to sell US treasury bonds.

On Monday, Tian Liu, a Hubei-based columnist published an article with the title "If Yellen wants China to buy US debt, she must complete China's tasks. Three bows are not enough."

"Finding buyers for US debt is the top mission of Yellen. From a medium-and-long-term perspective, China is disposing of US debt," it says.

It said both China and the US can set areas and boundaries for competition and should avoid "De-coupling." Another pundit also surnamed Liu says in his vlog that Yellen's visit to China is important as it shows that China and the US are still having dialogues and will not have an immediate war.

https://asiatimes.com/2023/07/china-raises-five-demands-during-yellens-visit/ 

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