The US Treasury Minister Yellen said that she did not understand the new generation of economic heads and policy directions in China, so it was very important to reopen the communication channels between Washington and Beijing.
According to Bloomberg report on November 12, the G20 leader summit will kick off on Tuesday (November 15) in Bali Island, Indonesia. U.S. President Biden and Chinese countriesChairman Xi Jinping will meet face -to -face on Monday (14th), and Yellen is expected to participate.
At the 20th National Congress of the Communist Party of China held last month, Liu He, Li Keqiang and others withdrew from the core circle of the Communist Party of China. The new generation of economic leaders expected to be Xi Jinping's loyalty.
"A generation of pro -market, intending to promote the integration of China and the global economy retires, and I personally know very little about the new generation of succession," Yellen accepted Bloomberg News when he went to Bali IslandInterview."So, I'm not sure what will happen in the future."
Yellen had a video call with Liu He many times.In Bali, she also plans to meet with the President of the Bank of China Yi Gang to discuss topics such as China's macroeconomic prospects.However, Yi Gang may also step down at the beginning of next year, and his name has not appeared on the 20th Central Committee members and the central alternate members.
Yellen said that she still hopes to establish a new connection during this visit to help understand the Chinese government's policies and economic situations.
"My focus is on open communication channels," she said."As the two largest economies, we have the responsibility to ensure that our macroeconomic management is beneficial to the global economy. Understanding the situation of other countries, we sincerely hope to establish such a connection."
