Yellen Urges Diplomatic Caution in Managing Economic Relations with China
U.S. Treasury Secretary Janet Yellen emphasized the importance of maintaining economic ties with China while expressing concerns about unfair business practices and overproduction of goods. Yellen rejected the idea of a full economic separation but highlighted the need for a level playing field for American firms in China. She also warned about the risk of Chinese manufacturing overcapacity affecting global economic resilience. Meanwhile, a Chinese embassy spokesperson defended China's trade and technology development, stating that Chinese products are popular due to innovation and quality, not unfair practices.