U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration's principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury said on Tuesday as tensions between the world's two largest economies has thwarted high-level meetings.
Yellen, who said last week she still hopes to visit Beijing to meet with her new Chinese economic counterparts, will deliver remarks at Johns Hopkins University's School of Advanced International Studies, the Treasury said in a statement.
Yellen's speech will detail the Biden administration's economic priorities on China, including securing U.S. national security interests, fostering "healthy" competition and cooperating, where possible, on global issues such as climate change, debt relief and macroeconomic stability.
The scheduling of the speech follows last week's International Monetary Fund and World Bank Spring Meetings, where Yellen interacted with Chinese finance officials, including People's Bank of China governor Yi Gang, in plenary meetings and in a roundtable meeting aimed at ways toAfter U.S.
A Treasury official said the speech comes at an opportune time just after Yellen also spoke last week with counterparts from G7 democracies, Australia and New Zealand. Another audience for the remarks is China's new economic leadership team led by Liu's replacement,Yellen will lay out U.S. priorities for "securing our national security interests and protecting human rights, including taking targeted actions to advance our vital interests where needed," the Treasury said.
She also will stress the need for "healthy, and mutually beneficial, economic competition with a level playing field for American workers and businesses, including by working with our allies to press China on its unfair economic practices," the Treasury added.
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