Yellen to visit China this week

Treasury Secretary Janet Yellen will travel to Beijing later this week for meetings with senior Chinese officials, the Treasury Department said Sunday, as the U.S. tries to ease friction between the two countries.

Yellen's trip, scheduled for Thursday to Sunday, follows a visit last month by Secretary of State Antony Blinken, who met with Chinese President Xi Jinping. President Joe Biden met with Xi in November.

"While in Beijing, Secretary Yellen will discuss with [People’s Republic of China] officials the importance for our countries — as the world’s two largest economies — to responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges," Treasury said in a statement.