U.S. Treasury

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.

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.

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.

Brazil, Russia, India, China, and South Africa as presiding country, are convening to consider membership requests from 22 countries, including Egypt, the United Arab Emirates, Argentina, Saudi Arabia, and Iran.

Treasury and Finance Minister Mehmet Şimşek is expected to meet with U.S. Treasury Secretary Janet Yellen this week on the sidelines of the G20 finance ministers' summit in India.

Şimşek will be accompanied by Central Bank Governor Hafize Gaye Erkan.

U.S. Treasury Secretary Janet Yellen has said that her talks with top Chinese officials have helped put ties on "surer footing," as she wrapped up a trip aimed at stabilizing fraught relations between the two biggest economies.