Posted 12/15/2023, 3:45:00 AM
Yellen Calls China's Economic Policies Unfair, Criticizes State-Driven Approach as Discouraging Investment and Harming US Firms
- Yellen said China's economic policies are "unfair" and encouraged healthy competition with the US
- She criticized China's "state-driven approach" in industry and finance as discouraging investment
- Yellen said China's policies harm American workers and firms
- She noted firms are reconsidering investment plans in China which should concern PRC
- Yellen reiterated complete economic separation from China would be "damaging"