US Treasury Secretary Janet Yellen called the US China relationship "one of the most important relationships in the world" on Thursday, saying "we need to handle this relationship correctly".  
Yellen said in a speech at the Asia Society on the Biden administration's Indo Pacific economic strategy that the United States does not seek to "decouple" from China. If Asia Pacific countries choose sides between China and the United States, it will have a "significant negative impact on a global scale".

During Yellen's tenure as US Treasury Secretary, he has visited South Korea, Japan, India, and other countries in the Indo Pacific region; Her speech highlighted the United States' plan to engage in more cooperation with some of China's neighboring countries.

US Treasury Secretary Janet Yellen called the US China relationship "one of the most important relationships in the world" on Thursday, saying "we need to handle this relationship correctly".  
Yellen said in a speech at the Asia Society on the Biden administration's Indo Pacific economic strategy that the United States does not seek to "decouple" from China. If Asia Pacific countries choose sides between China and the United States, it will have a "significant negative impact on a global scale".

During Yellen's tenure as US Treasury Secretary, he has visited South Korea, Japan, India, and other countries in the Indo Pacific region; Her speech highlighted the United States' plan to engage in more cooperation with some of China's neighboring countries.
Yellen said, "Throughout the Indo Pacific region, we are reshaping and strengthening older alliances and investing in newer partnerships
Yellen also gave a speech at the Inter American Development Bank on Thursday, outlining how establishing a diversified supply chain with "trusted partners and allies" will bring significant potential benefits to promoting growth in Latin America and the Caribbean.
The relationship between the United States and China remains tense, for example, the United States has implemented export controls on advanced technology, and China has taken stronger actions in the East China Sea and South China Sea.
The Chinese Ministry of Foreign Affairs stated on Sunday that Chinese Foreign Minister Wang Yi believes that the path of the Xi Jinping meeting will not be a "smooth sailing" and that both sides must work together to achieve results.