Yellen's warnings on China's economic impact and national security.

1 min read
Source: Axios
Yellen's warnings on China's economic impact and national security.
Photo: Axios
TL;DR Summary

US Treasury Secretary Janet Yellen emphasized the need for a constructive economic relationship between the US and China, despite ongoing tensions between the two superpowers. The Biden administration is seeking to find areas of limited, pragmatic collaboration with China, particularly in technology, while assuring Beijing that efforts to limit their access to advanced technologies are limited to those with national security importance. Yellen's speech aims to recreate some of the communication channels that existed under Treasury Secretary Hank Paulson's "Strategic Economic Dialogue" in the 2006 to 2008 time frame.

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