'I've been particularly troubled by punitive actions that have been taken against U.S. firms in recent months,' Yellen said at a roundtable with U.S. businesses in China.
Treasury Secretary Janet Yellen raised concerns over Chinese business practices during her visit to Beijing Friday, warning the economic relationship between the U.S. and China must work for American workers and businesses, and she said the U.S. would respond to unfair economic practices.
Janet Yellen, US Treasury secretary, second left, attends a roundtable with US business people operating in China in Beijing, China, on Friday, July 7, 2023. During the roundtable, Yellen also criticized new export controls announced by China on two minerals crucial to semiconductor technologies, gallium and germanium, that were announced as trade disputes continue between the two countries.
"I will always champion your interests and work to make sure there is a level playing field. This includes coordinating with our allies to respond to China's unfair economic practices," Yellen told the U.S. businesses. While in Beijing, Yellen also met with Premier Li Qiang at the Great Hall of the People to talk about the economic relationship between the U.S. and China.
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