US Treasury Secretary Janet Yellen will visit China from Thursday to Sunday to meet with Chinese officials, the ministry said in Washington on Sunday, AFP reported.

During his visit to Beijing, the US Treasury Secretary will meet with government officials “about the importance of the two countries, the world’s leading economies, managing their relationship responsibly,” the Treasury Department said.

Janet Yellen also plans to emphasize the need for “direct communication on issues of interest and work to solve global problems.”

“We do not expect any significant progress (in relations between the two countries) from this trip,” said an official from the Ministry of Finance modestly.

“However, we hope for constructive discussions and establishment of long-term communication channels” with China, the official added.

In April, the Treasury Secretary detailed the principles governing the United States’ economic relationship with China.

The American government seeks first of all “to protect the interests of its national security, as well as the interests of its allies.”

It also intends to “protect human rights through concrete actions that do not seek economic gain.”

The United States also wants to establish a “healthy economic relationship with China that promotes growth and innovation” in both countries.

Joe Biden’s administration also wants to “work together on pressing global issues like climate change and debt relief” for developing countries.

During the administration of Donald Trump, diplomatic and economic relations between the two countries gradually deteriorated.

In November, US President Joe Biden met his Chinese counterpart Xi Jinping in person for the first time to try to ease tensions.

In mid-June, US Secretary of State Anthony Blinken visited Beijing and was received by the Chinese head of state, a gesture seen as diplomatic progress.

But during a campaign rally in California in late June, Joe Biden called Xi Jinping a “dictator,” and Beijing saw those words as a “provocation.”

Last year, the Biden administration imposed restrictions on the export of American semiconductors and technology components to China.

Before that, it left in place tariffs imposed by Donald Trump on hundreds of billions of dollars of Chinese exports to the United States.

“During this visit, we want to deepen and increase the frequency of communication between our countries and stabilize relations in order to avoid misunderstandings and expand cooperation where possible,” explained the representative of the Ministry of Finance.

Janet Yellen also plans to raise “concerns” with Chinese authorities about a new anti-espionage law that took effect in China on Saturday, the official said.

The text gives the government expanded powers to deal with threats to national security, which has raised concerns among foreign companies based in China.

The Treasury Secretary and his team want to “better understand how this country (China) intends to apply this law,” the US official emphasized.