Exclusive | Janet Yellen’s China plan: US Treasury secretary to meet American firms in Guangzhou before officials in Beijing, sources say
- April follow-up trip to Beijing by Janet Yellen to be preceded by a stop in Guangzhou, where she will hear concerns related to overcapacity and intellectual protection
- Dealing with US business community overseas would normally fall under the oversight of Secretary of Commerce Gina Raimondo
US Secretary of the Treasury Janet Yellen is scheduled to meet representatives of American businesses in the southern city of Guangzhou before heading to Beijing in early April to get face time with Chinese counterparts, sources say.
A “small town hall meeting” will be held, and Yellen will have a 45-minute question-and-answer session with the business community, according to details shared with the Post.
“The secretary wants to hear about the issues facing US firms in China and is particularly interested in overcapacity, IP [intellectual property] issues and import-substitution-related issues,” a source said on condition of anonymity.
Invitations have already been sent to US business representatives with operations in China, the source added.
The US official, who visited Beijing in July to help set up a bilateral economic and financial working group, will travel to the Chinese capital where she is likely to meet with Vice-Premier He Lifeng, commerce minister Wang Wentao and central bank governor Pan Gongsheng, another source added on background.
