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Treasury Secretary Yellen to visit China this week to deepen communication

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Yellen marks the second top ranking U.S. official to visit China in recent weeks, following Secretary of State Antony Blinken last month

U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with Chinese officials to cover topics including U.S. concerns over a new Chinese counterespionage law, a senior Treasury official said on Sunday.

President Joe Biden has been pushing to deepen communications between the world’s leading economies, and it is hoped this trip can help stabilise the relationship and minimise the risks of any possible disagreements.

It follows a recent trip by Secretary of State Antony Blinken just weeks ago, which also sought to ensure the two countries do not fall into conflict. Biden did cause some concern in Beijing when he subsequently referred to China’s President, Xi Jinping as a “dictator”, however the overall response following those remarks has been muted.

Yellen plans to tell China that Washinton will continue to defend human rights and its own national security interests, but seeks to cooperate on climate change and rising debt distress faced by many smaller countries.

“We seek a healthy economic relationship with China, one that fosters growth and innovation in both countries,” the official said. “We do not seek to decouple our economies. A full cessation of trade and investment would be destabilising for both our countries and the global economy.”

Yellen was expected to meet the Chinese Vice Premier He Lifeng, according to a second Treasury Department official.

 

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How can we support a more eco-friendly future?

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With a $23 million commitment for a national circular economy and $1.3 million for net zero transition guidance, Australia is advancing towards sustainability.

Funding Futures is a weekly TV show on Ticker, hosted by Mike Loder and Steven Maarbani from Venture Crowd, that delves into the dynamic and evolving world of venture crowd-raising.

In this episode, we are joined by Cameron Hope, Founder of CEO of Hirehood. #trends #funding futures

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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