Yellen warns against decoupling from China and predicts decline in USD's reserve share.

Treasury Secretary Janet Yellen has said that it would be disastrous for the US to attempt to "decouple" from China and called for deepening economic ties between the two countries. Yellen believes that the economic relationship with China is critical and that both countries gain from trade and investment that is as open as possible. However, the US is considering restrictions on American private equity firms' investments in Chinese firms that have connections with China's military, and the Treasury Department is examining additional sanctions on China in response to human rights abuses against Uyghurs in Xinjiang.