China, US Treasury Secretary arriving

US Treasury Secretary Janet Yellen will travel to China between July 6 and 9 to re-establish contacts. "There is a new leadership, we need to get to know each other better", he added, staying on Washington's line: China and the United States must talk to each other, especially in this phase, with tensions growing while the new course of tied power stabilizes in Beijing to the historic third presidential term of the leader of the Communist Party of China, Xi Jinping.

The mission to China will be Yellen's first as Treasury secretary and follows a visit from Secretary of State Antony Blinken last month. The new contact between the world's two major powers (economic, political, military) comes at a moment of only partially defused tension, amid Chinese frustration at the Biden administration's efforts to block China's access to some sensitive technologies and the American complaints about the espionage and interference activities of the People's Republic.

The trip also coincides with a time of uncertainty for the global economy, with Chinese manufacturing falling after the pandemic and the US trying to stave off a recession by containing inflation. And while Washington is trying to reduce America's dependence on Chinese imports, Asian and European allies are also doing so. For example, the semantics were dictated from Brussels according to the principle of "de-risking", which was first mentioned by the president of the EU Commission, Ursula von der Leyen. Policy which seeks to limit dependence on China on sectors such as semiconductors, biotechnology and sensitive technologies that power robotics, artificial intelligence capabilities and high-level computing.

Despite hopes of re-establishing dialogue, the meetings are unlikely to focus on sensitive issues that have been dragging on for years. China has maintained close economic ties with Russia despite its invasion of Ukraine in an attempt to demonstrate to a good chunk of the world that the Western model is flawed. A way to consolidate its standing as a global point of reference also from an anti-American point of view. A narration that passes from the economic, commercial and financial world as well as the political - as told by the assiduous interweaving of Sino-Arab interests of this period, for example.

A senior Treasury Department official spoke on condition of anonymity about the trip's priorities with the media, and Sunday's briefing says Yellen will meet with senior Chinese officials and (unspecified) American companies doing business in China. The official said the secretary would talk to her Chinese counterparts about global challenges and each other's areas of concern, and should raise objections to China's recent ban on Micron Technology, a US maker of memory chips used in phones, computers and other electronic devices.