Yellen Pushes for Fair Competition with China Despite Tensions, Citing Need to Advance National Security

US Treasury Secretary Janet Yellen, speaking at Johns Hopkins University, called for stronger cooperation between the US and China to address global challenges like climate change while also pushing for fair economic competition and safeguarding sensitive technologies.
Yellen emphasized that US policies aimed at China are focused on national security, not gaining an economic advantage, though they may have economic costs.
The Biden administration is not seeking a complete economic "decoupling" from China, Yellen said, calling such a split "disastrous."
Yellen criticized China's unfair trade practices, intellectual property theft, and human rights abuses while calling on China to play by international rules.
Yellen said she hopes to travel to China to start laying the groundwork for "responsibly managing our bilateral relationship and cooperating on areas of shared challenge to our nations and the world."