BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

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Treasury Secretary Yellen To Give Speech On US-China Economic Relationship

US
  • Headlines crossing the wires announcing that U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration's principal objectives for the U.S.-China economic relationship in a speech in Washington.
  • Yellen, who said last week she still hopes to visit Beijing to meet with her new Chinese economic counterparts, will deliver remarks at Johns Hopkins University's School of Advanced International Studies, the Treasury detailed in a statement.
  • Yellen's speech will include the Biden administration's economic priorities on China, including securing U.S. national security interests, fostering "healthy" competition and cooperating, where possible, on global issues such as climate change, debt relief and macroeconomic stability.
  • "During her remarks, Secretary Yellen will underscore that in its bilateral relationship with China, the United States proceeds with confidence about the enduring fundamental strength of our economy," the Treasury said, adding that she will discuss growth-enhancing investments in infrastructure, advanced semiconductor manufacturing and clean energy technologies. (Reuters)
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