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Janet Yellen Says Security Comes Before Economy in U.S.-China Relationship
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WASHINGTON—Treasury Secretary Janet Yellen said protecting national security would be the U.S. priority in its relationship with China even if it slows economic growth, taking a hawkish stance as she pushed for more collaboration with Beijing.
In a speech Thursday, Ms. Yellen laid out the Biden administration’s vision for its economic relationship with China. The U.S. will remain the world’s dominant economic power, Ms. Yellen said, curbing its ties with China in certain areas. But she said the U.S. isn’t trying to prevent China’s economic advancement, adding that many trading and scientific links should remain.
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