Treasury Secretary Janet Yellen will strike a conciliatory tone when she talks about U.S.-China relations on Thursday, calling for “cooperation on the urgent global challenges of our day” while supporting economic restrictions on China.
FILE - Treasury Secretary Janet Yellen speaks at a Multilateral Development Bank Evolution Roundtable during the World Bank/IMF Spring Meetings at the International Monetary Fund headquarters in Washington, Wednesday, April 12, 2023. will strike a conciliatory tone when she talks about U.S.-China relations on Thursday, calling for “cooperation on the urgent global challenges of our day” while supporting economic restrictions on China to advance U.S national security interests.
“We seek a healthy economic relationship with China: one that fosters growth and innovation in both countries,” Yellen says in prepared remarks to be delivered at Johns Hopkins University’s School of Advanced International Studies in Washington. Yellen plans to deliver a speech that calls for improved relations between the two countries, which have seenafter the discovery of a Chinese surveillance balloon in U.S. air space and since the Communist nation has grown its ties with Russia despite its continued invasion into Ukraine.
“A growing China that plays by international rules is good for the United States and the world," Yellen says. “Both countries can benefit from healthy competition in the economic sphere. But healthy economic competition — where both sides benefit — is only sustainable if that competition is fair."outfitted with high-tech equipment designed to gather sensitive information, making a pass over a sensitive U.S. military site, has drawn lawmakers' scrutiny.
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