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Yellen-US Working Hard To Counter China On Developing Country Lending

US-CHINA

US Treasury Secretary Janet Yellen speaking at the House Budget Committee hearing on US-China relations and competition. Yellen: "I am very very concerned about some of the activities that China engages in globally, engaging in countries in ways that leave them trapped in debt and don't promote economic development." She states that the US '...Is working hard to counter China's influence in international organisations and lending to developing countries.'

  • Livestream: https://www.youtube.com/watch?v=FxdKMUZ2KHc
  • The comments come after White House NSA spox John Kirby stated that the administration is attempting to broker a visit to Beijing for Yellen and Commerce Secretary Gina Raimondo. No confirmation of any progress on this potential trip yet.

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