Posted 4/3/2024, 10:22:05 PM
Yellen Visits China for Economic Talks, But Major Divisions Persist on Trade, Tech, and Investment
- U.S. Treasury Secretary Janet Yellen visiting China this week for economic talks, but major divisions remain between the countries
- Key areas of disagreement include trade, investment, technology exports, and market access
- Yellen wants "level playing field" for U.S. companies in China, prepared to take trade actions if needed
- China frustrated by barriers to its investment in the U.S.
- Countries want to avoid "decoupling" economies, but election-year politics and economic divides make cooperation difficult