Nearly two weeks after U.S. Secretary of State Antony Blinken traveled to Beijing for intensive talks to stop the dangerous downward spiral of the U.S.-China relationship, the first fruits of the accord appeared with the announcement that Treasury Secretary Janet Yellen would make a four-day visit to China starting Thursday.
In a possibly coordinated move, the Chinese Communist Party last Saturday announced the appointment of Pan Gongsheng, who has been deputy governor of the People¡¯s Bank of China for over a decade, as the bank¡¯s party secretary, a move The Wall Street Journal called a prelude to his becoming governor.
¡°My hope in traveling to China is to re-establish contact,¡± Ms. Yellen said in an interview program last week, before the formal announcement of her trip. ¡°There are a new group of leaders, we need to get to know one another.¡±
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