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Treasury Chief Yellen Launches Key China Trip with Trade Talks in Guangzhou
Yellen China Trip Signals Biden Administration Focus on Trade Concerns
According to the report of AP, U.S. Treasury Chief Janet Yellen started an important trip to China by talking with business leaders from America Europe and Japan in Guangzhou. They discussed trade issues like unfair practices by China. Yellen trip shows that President Biden team wants to deal with these problems especially in areas like green energy and electric cars.
READ ALSO: A Michigan Republican Takes Over As Head Of The House China Panel After Mike Gallagher Steps Down
Treasury Chief Yellen Tackles Trade Concerns in Historic China Visit Amid Rising Tensions (PHOTO: Fox 59)
Treasury Chief Yellen Faces Complex Challenges in China Relations
An expert from Cornell Unversity Eswar Prasad thinks Yellen will ask China to focus on their own market and make sure everyone has a fair chance in new industries. They worry that China has too much production in some areas and that its not fair for everyone. But China disagrees saying their exports help the environment. This shows how tensions between big countries affect trade. Yellen has a tough job trying to find solutions that make both sides happy. What she decides will not only affect how China and the U.S. get along but also how the world economy works. So it is important for everyone to talk openly and work together to solve these problems.
READ ALSO: US Urged To Leverage China Provocative Behavior For Regional Strength
