“INTERESTING” TIMING FOR TALKS
The timing of the talks was “fascinating” for a number of causes, together with Yellen’s impending go to to Beijing, mentioned Bonnie Glaser, managing director of the Indo-Pacific Program on the German Marshall Fund.
Chinese language and US army officers may even maintain a working-level assembly in Honolulu, Hawaii this week to debate operational security, whereas a brand new president can be inaugurated in Taiwan subsequent month.
“This is a vital time, I feel, to have a contact level between the leaders and so they after all expressed their issues about many points, however I feel additionally they emphasised their shared curiosity in making an attempt to keep up stability within the US-China relationship,” she advised CNA’s Asia First.
She added that with these diplomatic engagements on the horizon, one of many primary messages that Biden raised – and that Yellen will talk about – is Chinese language industrial overcapacity and the worldwide financial penalties of that spreading over capability into varied markets all over the world.
“We do not know whether or not the Chinese language will take that on board and restrict what seems to be like it’ll be a flood of merchandise to markets abroad,” Glaser added.
“I do not suppose (there) can be any breakthroughs, however I feel that participating with the Chinese language on these points over time, hopefully we are going to make some progress.”
