U.S. Treasury Secretary Janet Yellen meets with Chinese Vice Premier Liu He in Zurich, Switzerland, … [+] Lian Yi/Xinhua via Getty Images The frenetic flurry of diplomatic activity between America and China signals that far from decoupling, the world’s two largest economies are actively figuring out ways to reset their troubled economic relationship. Let’s call this process recoupling, which will cheer the business community in both countries and disappoint hard-liners advocating for tougher measures. The latest manifestation of the renewed U.S.-China diplomatic push came in Zurich last week when Treasury Secretary Janet Yellen sat down with Liu He, the soon-to-be-departing Vice Minister who has been the point person on economic relations. Diplomacy is all about atmospherics as much as it is about substance. Compared with the acrimonious atmospherics of the March 2021 Alaska meeting, which descended into a shouting match between the two delegations, the Zurich meeting was a love-fest. The official readout from the Treasury was that the meeting was “candid, substantive, and constructive,” with both sides agreeing that it was important for the “functioning of the global economy” to further enhance communication around macroeconomic and financial issues. In good measure, Liu He was also eager to convey […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
