President Biden is to hold his first in-person meeting with China's leader, Xi Jinping, in California on Wednesday. The two leaders have a lot to discuss when they sit down.
Treasury Secretary Janet Yellen is on her way to Beijing for talks with her Chinese counterparts. The meeting comes at a tense time, with tit-for-tat trade restrictions and rising strategic frictions.
For decades, China exported better and cheaper stuff. But now China is experiencing a factory worker crunch that could lead to higher prices on exports. It's been a long time coming.
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By:
Darian Woods and
Emily Feng
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