Rosalind Evans
As the world approaches the impending Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, a significant prelude occurs with U.S. Treasury Secretary Janet Yellen hosting Chinese Vice Premier He Lifeng for pivotal talks. This meeting is a strategic step in mitigating the simmering tensions between the United States and China, as officials from both sides are engaging in a series of high-level discussions aimed at fostering mutual understanding and preventing conflicts from escalating.
The anticipation of this diplomatic engagement is underscored by Yellen’s remarks in a Washington Post op-ed, emphasizing the crucial responsibility both nations carry in maintaining open lines of communication. She states, “As a foundation, our two nations must establish resilient lines of open communication and prevent our disagreements from spiralling into conflict.” The talks are not only about crisis management but are also a quest to collaborate on pressing global challenges like climate change.
The timing of the Yellen-He dialogue is particularly noteworthy, setting the stage for what could be the first meeting between President Joe Biden and Chinese President Xi Jinping in nearly a year. Both leaders are expected to attend the APEC summit starting November 11.
Despite ongoing issues like U.S. export controls on advanced technology and disputes over China’s Belt and Road Initiative, the Treasury Department has indicated Yellen’s intent to stress the Biden administration’s commitment to security, human rights, and fair economic practices without leveraging these concerns for financial gain.
The article closes with a reflection on the delicate balance of power in the East and South China seas, where recent close encounters between military aircraft and naval vessels of the two powers have spotlighted the need for such high-level discussions.
In this diplomatic dance, the world hopes for a harmonious outcome, leading to a more stable and cooperative international landscape.
