U.S. Treasury Secretary Janet Yellen to travel to Beijing to discuss China's espionage law

U.S. Treasury Secretary Janet Yellen plans to visit Beijing on July 6-9 to hold meetings to discuss China's new espionage law, which has raised concerns in Washington. Reuters reports this with reference to its sources.

Yellen's visit to China is aimed at strengthening economic ties between the two countries, stabilizing relations and minimizing the risk of conflict in case of disagreements.

The main task of the US Treasury Secretary is to convey the US position on human rights and national security to representatives of China's economic leadership. The U.S. representative also hopes to cooperate in addressing pressing issues, such as climate change and the debt crisis, that many countries are facing.

The United States has expressed concerns about China's National Security and Espionage Act, believing that its implementation could have negative consequences for foreign companies, including American ones. Companies could be accused of "espionage activities" and be subject to sanctions.

This visit comes in the context of deteriorating relations between the US and China in many areas.