Treasury Secretary Janet Yellen met with Chinese officials to discuss overcapacity concerns and encourage market-oriented reforms. Yellen emphasized the importance of a healthy economic relationship and a level playing field for American workers and firms.
Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms . Yellen arrived in the southern Chinese city of Guangzhou late on Thursday and is set to travel to Beijing on Saturday, where she will stay until Tuesday. It is her second trip to China as Treasury secretary.
Ahead of a scheduled meeting Friday with Vice Premier He Lifeng, Yellen met with Wang Weizhong, governor of Guangdong province, of which Guangzhou is the capital. “Throughout my engagements with my counterparts, I will stress that a healthy economic relationship can bring significant benefits for both our economies,” Yellen said in prepared remarks for her meeting with Wang. “I’ve also emphasized that building a healthy economic relationship requires a level playing field for American workers and firms, as well as open and direct communication on areas where we disagree,” Yellen sai
Treasury Secretary Janet Yellen China Overcapacity Concerns Market-Oriented Reforms Economic Relationship American Workers Firms
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Secretary Yellen says interest rates unlikely to return to pre-COVID levelsUS Treasury Secretary Janet Yellen stated that it is unlikely for interest rates in the US to go back to pre-COVID-19 levels. She also mentioned the steps taken to support the domestic electric vehicle industry and the challenges faced in containing Chinese battery content in US-produced EVs.
Read more »
Treasury Secretary Janet Yellen Reacts to Rising InflationTreasury Secretary Janet Yellen discusses the February CPI and rising inflation, stating that the trend is favorable despite monthly fluctuations. President Biden's priority is addressing high costs.
Read more »
US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'After predicting in 2021 that inflation would be 'transitory,' U.S. Treasury Secretary Janet Yellen admitted her 'regret' as 'it's lasted longer than' a few weeks or months.
Read more »
Treasury Secretary Yellen admits Biden lacks plan to prevent Social Security insolvencyTreasury Secretary Janet Yellen has admitted that President Biden "doesn’t have a plan" — only "principles" — when it comes to preventing Social Security from going insolvent around a decade from now.
Read more »
Treasury Secretary Yellen to Visit China to Advance U.S. InterestsTreasury Secretary Janet Yellen is scheduled to visit China this week to advance the interests of U.S. workers, U.S. national security and attempt to cut down on climate change.
Read more »
What’s at stake as Treasury Secretary Janet Yellen visits ChinaIt's her second trip in less than a year amid ongoing tension between the world's two economic powerhouses.
Read more »