The meeting was announced on Monday. U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday in Zurich.

A US Treasury official said the two will:

  • exchange views on economic developments
  • deepen communication between the world's two largest economies
  • how to enhance cooperation
  • discuss global challenges like the possibility of a world recession
  • discuss the corresponding risks

It's the first in-person meeting between the two and is indicative of the slight warming in relations.

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This meeting is likely to generate headline remarks from both sides. Probably constructive ones given the US Treasury statements above.

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Liu He is the guy that wiped the floor with the US negotiatiors during the previous administration.

liu he yellen 05 July 2022