All articles tagged with #economic practices
Treasury Secretary Janet Yellen criticized China for its "unfair" treatment of American and other foreign companies, citing barriers to access for foreign firms and coercive actions against American companies. Yellen's comments came at the start of her four-day visit to China, where she intends to raise these issues in meetings with Chinese officials.
Treasury Secretary Janet Yellen criticized China's economic practices as "unfair" and urged the nation to shift towards healthy competition with the United States. Yellen highlighted China's use of non-market tools, barriers to foreign firms, and coercive actions against American companies, which she said harm American workers and firms. She emphasized that China's state-driven approach can discourage investors and called for structural reforms and fair treatment of foreign firms. Yellen also reiterated that complete decoupling from China would be damaging to both economies and have negative global repercussions.