Yellen says US seeks ‘healthy’ competition with China

The US Treasury Secretary is in China on a trip aimed at defusing tensions between the world’s largest economies.

https://p.dw.com/p/4TYPc

Janet Yellen (l), US Secretary of the Treasury, speaks alongside Nicholas Burns, US Ambassador to China, during a roundtable discussion with members of the US business community. — Yellen stressed that a decoupling of the US and Chinese economies would destabilize the global economy.Image: Mark Schiefelbein/AP Photo/image alliance/dpa/

US Treasury Secretary Janet Yellen stressed on Friday that the United States is not after a “winner takes all” approach with China.

She made the remarks at a meeting with Chinese Premier Li Qiang in Beijing.

“We are looking for healthy economic competition that is not winner-take-all but which, with a fair set of rules, can benefit both countries over time,” she said.

Source: DW

Lori

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.

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