Janet Yellen

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released on April 23.

Russian Foreign Minister Sergei Lavrov was in China for an official visit on Monday, his ministry said, with the two countries looking to strengthen diplomatic ties as Russia's invasion of Ukraine grinds on.

Moscow's foreign ministry announced Lavrov had touched down in Beijing in a post on X, formerly Twitter, on Monday morning.

Beijing's commerce minister dismissed as "groundless" U.S. concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue.

The United States and China have agreed to hold "intensive exchanges on balanced growth", the U.S. Treasury Department said in a statement, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.

U.S. Treasury Chief Janet Yellen called on Friday for a "level playing field" between American and Chinese companies, telling officials during a visit to southern China that Beijing's industrial subsidies threatened that balance.

Since U.S. Treasury Secretary Janet Yellen visited Beijing last year, the world's two biggest economies have resumed regular talks and averted major escalations in tensions.

But the countries still trade barbs on economic issues as they battle for superiority in advanced technologies and work to secure critical supply chains.

Treasury and Finance Minister Mehmet Şimşek has held a series of talks at the first G20 finance ministers and central bank governors' meeting of the year in Sau Paulo, Brazil.

Treasury and Finance Minister Mehmet Şimşek has met with U.S. Treasury Secretary Janet Yellen on the sidelines of the G20 finance ministers and central bank governors' summit in Brazil.

"I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues," Yellen wrote on the social media platform X.

Four years after his last trip to China in November 2019, Prime Minister Kyriakos Mitsotakis is visiting again. A lot has changed in the interim. The Covid-19 pandemic dramatically influenced relations between the West and China. Both sides are now in a delicate process of reducing dependencies - to the extent this is feasible in a globalized world.

The United States is "carefully" monitoring China's challenges, U.S. Treasury Secretary Janet Yellen said on Sept. 8, as the slowdown in the world's second largest economy raises concerns for global growth.