Yellen Sets Surprise US-Chinese Meeting With Liu in Switzerland

(Bloomberg) -- US Treasury Secretary Janet Yellen will hold her first face-to-face meeting with Chinese Vice Premier Liu He on Jan. 18 in Zurich, making a detour on her way to

talks in Africa.  Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is About to Get UglyAt Least 68 Dead as Nepal

Plane Crashes Seconds Before LandingHuge Sanctions Are Looming for the Fuel That Powers the World The pair “will exchange views on macroeconomic developments and other economic

issues,” the Treasury Department said in a statement. The surprise announcement follows the November meeting between President Joe Biden and President Xi Jinping on the

sidelines of the Group of 20 summit in Bali, Indonesia. It was the first face-to-face session for the heads of state and has initiated a modest thawing of relations between the

two governments. Despite that, the Wednesday morning meeting in Switzerland could be contentious as Washington and Beijing continue to squabble over trade, human rights and

the autonomy of Taiwan. In recent months Yellen has championed a so-called “friend-shoring” policy that would see the US and its allies rely less on China for the supply of

critical goods. Read more: Yellen Takes Biden Strategy to Africa With China as Backdrop That and efforts to deny China access to technologies, including advanced

semiconductors, has led Beijing to accuse the US of economic protectionism and to file a dispute with the World Trade Organization. Secretary of State Antony Blinken is

scheduled to visit Beijing early in 2023. Yellen said in December she had no specific plans for a similar trip but was open to that possibility.