US Treasury's Yellen, Chinese Vice Premier He to meet ahead of APEC summit
© Reuters. U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington, U.S., November 7, 2023. REUTERS/Kevin LamarqueSAN FRANCISCO -U.S.
Yellen intends to reiterate her view that the U.S. and China cannot decouple and instead must pursue a"healthy competition" based on a level playing field and clear communications about their intentions regarding national security restrictions. But in announcing the consultations, Yellen said this would not be a recreation of the Obama administration's U.S.-China Strategic and Economic Dialogue, a broad forum that was widely criticized for its ineffectiveness.
"So it's about figuring out, what do we want this relationship to look like knowing that? And just because you don't like each other doesn't mean you can't get along where your interests align."
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