FILE - United States Secretary of the Treasury Janet Yellen speaks at the Atlantic Council Global Citizen Awards, Sept. 20, 2023, in New York. Yellen wants Latin America to trade more with the United States as part of an initiative that so far has failed to disrupt China’s dominance in global manufacturing.
President Joe Biden and Chinese leader Xi Jinping plan to hold talks on the sidelines of the meeting to stabilize U.S.-China relations, which have unraveled over a range of issues, including trade, technology, security and human rights issues. In the South China Sea, tensions have escalated between Beijing and Manila over a contested shoal. In the Taiwan Strait, China regularly flies warplanes near the self-governed island of Taiwan, which Beijing claims to be Chinese territory.
To achieve Washington’s goals, the U.S. will continue to engage China to “prevent misunderstanding and clarify our areas of agreement and disagreement,” said Yellen, who in July traveled to Beijing to meet her Chinese counterparts.