Treasury Secretary Janet Yellen will journey to Beijing Thursday as a part of an ongoing Biden administration effort to thaw U.S.-China relations, a senior Treasury official mentioned.
Yellen, who has known as the notion of an financial decoupling from China “disastrous,” has often mentioned prior to now 12 months that she wish to go to China.
She says the 2 nations “can and need to find a way to live together” despite their strained relations over geopolitics and financial improvement.
Yellen will meet this week with Chinese officers, U.S. corporations doing enterprise in China and with Chinese folks and can keep by way of July 9, mentioned the official, who spoke on situation of anonymity to debate particulars of the journey.
The objective of her go to is to deepen and enhance the frequency of communication between U.S. and China, the official mentioned. While there are clear areas of widespread curiosity the place Yellen could make progress, the official mentioned, there are additionally vital disagreements that won’t be resolved by way of a single journey.
Workers strike at California inns
Workers picketed main Southern California inns Monday after strolling off the job throughout the July Fourth weekend to demand higher pay and advantages.
The strike by bellhops, entrance desk brokers, room attendants, cooks, servers and dishwashers started early Sunday in Los Angeles and Orange counties simply as summer time tourism ramps up. Employers accused the union of failing to barter.
Members of Unite Here Local 11 voted final month in favor of authorizing the strike. In addition to increased wages, the union desires improved well being care advantages, increased pension contributions and fewer strenuous workloads.
Contracts expired at midnight Friday at greater than 60 inns, together with properties owned by main chains similar to Marriott and Hilton.
Source: www.bostonherald.com”