U.S. Treasury Minister Yellen called for market reforms on Friday and warned the United States and its allies to counterattack China's "unfair economic behavior".She also emphasized that the United States seeks diversification rather than decomposed.
According to Reuters, Yellen made the above statements when meeting members of the United States in the morning in China.She said that she visited China this time to deepen the communication between the two countries and strived to establish a "stable and constructive relationship", and at the same time made it clear that Washington would take action to protect its national security interests and human rights.
Yellen said, "We believe that ensuring that we have direct and clear communication channels at high levels to meet the best interests of the two countries."
Yellen added that when the global economy faces the impact of the Russian and Ukraine War and the haze of the epidemic, regular exchanges can help the two countries monitor economic and financial risks.
Yellen also said that she will make it clear to Chinese officials that Washington does not seek "a comprehensive separation of the economy of the two countries", but it will expand China's subsidies to state -owned enterprises and domestic enterprises, and to set up obstacles to foreign companies enter the market.And recently expressed concern about the "punitive action" adopted by American companies.
Yellen also expressed concerns about the recent introduction of export control of 镓 and 锗.体 半 半 is a key mineral used in semiconductor and other technologies.Yellen said that Washington is still evaluating the impact of this move, but it emphasizes the necessity of "elasticity and diversified supply chain".
Yellen also urged China to return to a more market -oriented approach. She said that turning to market reform will meet China's interests. "The market -based method has promoted China's rapid growth and helped hundreds of millions of people get rid of poverty.It is an extraordinary economic success story. "
Yellen pointed out that China's huge and growing middle class provides a huge market for American goods and services.Development will bring instability to the global economy, which is actually impossible to achieve.Yellen emphasized that Washington's actions against China are based on national security considerations.
Yellen on Thursday (July 6) arrived in Beijing at 5 pm, and opened a four -day visit to China.This is the second chief of Biden Cabinet who visited China within a month after the US Secretary of State Brills visited China last month.
Yellen will talk to Chinese Prime Minister Li Qiang at 4:30 pm on Friday.According to reports, Yellen had met with former China Vice Premier Liu He in the morning.