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Tesla And BYD Posts Record Sales On Demand For E.V.
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Today’s News
U.S. and China, two of the world’s largest and most influential world-leading countries have an important and complex relationship since globalization has connected the world. Both countries have experienced countless cooperative periods and tensions as they tend to revisit the same crossroads over conflicting interests, particularly with climate change, economics and technology in the present day.
Although speculations of a cold war were constantly expressed, U.S. President Joe Biden has repeatedly denied the allegations while claiming that the U.S. has made no such preparations, ensuring that the deteriorating relations between the two countries were solely based on conflicting interests and nothing more.
Since then, U.S. Treasury Secretary Janet Yellen has made notions to the nation’s greatest ally and foe that she bears no ill will, as she intends to mend its deteriorating relationship. First, by extending a visit to Beijing as a sign of sincerity.
The following events are as follows:
Yellen Hopes To Reestablish Contract With China
U.S. Treasury Secretary Janet Yellen intends to travel to China to reestablish contact with Beijing, acknowledging there were disagreements between the two countries, she claimed during an interview.
Tensions and pessimism heightened in the U.S.-China relationship over national security issues, which included Taiwan, Russia’s war in Ukraine, growing U.S. export bans on advanced technologies and China’s state-led industrial policies.
Yellen Foresees Strong Job Market And Lower Inflation
U.S. Treasury Secretary Janet Yellen has boldly predicted that the U.S. economy is on a path to maintain a strong labor market while reducing inflation all at once, even if the economy cools a bit more.
Yellen confidently expressed at a residential solar power company in New Orleans that strong household and business balance sheets will serve as a source of U.S. economic strength along with a continuing surge in U.S. factory construction.
Yellen Confirms Visit
U.S. Treasury Secretary Janet Yellen will be traveling to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official affirmed.
Yellen’s long-anticipated trip is part of a push by President Joe Biden to deepen communications between the world’s two largest economies, stabilize the relationship and minimize the risks of mistakes when disagreements arise, the official told reporters.
