Janet Yellen’s Trip to China: 3 Takeaways

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The deep chill between the United States and China moderated a little over the past few days as Treasury Secretary Janet L. Yellen held marathon talks with a new group of top economic policymakers in Beijing.Ms. Yellen used softer language for America’s economic strategy toward China, disavowing a term that had caught on in Washington but offended Beijing. Yet even though more talks are a likely outcome of Ms. Yellen’s trip to China, neither she nor Chinese officials retreated from their policy positions. That left the two sides facing the prospect of further conflicts over trade, investment and technology.She forged ties with China’s economic leaders.Last fall, China’s Communist Party congress cleared the way for the country’s president, Xi Jinping, to install a new team of loyalists in top economic roles. The officials — including Ms. Yellen’s counterpart, Vice Premier He Lifeng — generally have less internat …

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