Yellen will detail the Biden administration's economic priorities on China including securing U.S. national security interests and cooperating on global issues.
U.S. Treasury Secretary Janet Yellen holds a press conference at the US Treasury Department in Washington, DC, on April 11, 2023.U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration's principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury said on Tuesday as tensions between the world's two largest economies has thwarted high-level meetings.
Yellen, who said last week she still hopes to visit Beijing to meet with her new Chinese economic counterparts, will deliver remarks at Johns Hopkins University's School of Advanced International Studies, the Treasury said in a statement. Yellen's speech will detail the Biden administration's economic priorities on China, including securing U.S. national security interests, fostering "healthy" competition and cooperating, where possible, on global issues such as climate change, debt relief and macroeconomic stability.
The scheduling of the speech follows last week's International Monetary Fund and World Bank Spring Meetings, where Yellen interacted with Chinese finance officials, including People's Bank of China governor Yi Gang, in plenary meetings and in a roundtable meeting aimed at ways to speed debt relief to poor countries.
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