Treasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs.
U.S. Treasury Secretary Janet Yellen speaks during a press conference in Beijing, China, Monday, April 8, 2024. , Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials.
It's unclear how China will respond to such calls. European officials have repeatedly raised the issue on visits to China with no sign of any change on the Chinese side. Moreover, one of leader Xi Jinping's major goals is to build the nation into a major power so it doesn't feel compelled to bend to outside pressure.
On Saturday, the official Xinhua News Agency said that the Chinese side had “responded fully to the issue of production capacity” during Yellen's talks with Vice Premier He Lifeng, the lead person for China-U.S. economic and trade affairs,
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