Yellen says US seeks 'healthy competition' with China, eyes Beijing trip

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Yellen says US seeks 'healthy competition' with China, eyes Beijing trip
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US Treasury Secretary Janet Yellen said it is 'essential' that China and other countries do not provide Russia with material support or assistance with sanction evasion

WASHINGTON, April 20 - The U.S. seeks "constructive and fair" economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday.

She said she intended to travel to Beijing "at the appropriate time" to meet with her new Chinese counterparts to help "responsibly" manage the relationship, but Treasury offered no details on the timing of a trip. She took aim at China's "no limits" partnership with Russia, calling it "a worrisome indication that it is not serious" about ending Russia's war against Ukraine.U.S. Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, U.S., April 11, 2023.

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