Yellen Says the US Economic Relationship with China Must Consider Human Rights and National Security

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Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday.In laying out the Biden administration's economic approach toward the...

WASHINGTON — Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday.

President Joe Biden and Chinese leader Xi Jinping plan to hold talks on the sidelines of the meeting to stabilize U.S.-China relations, which have unraveled over a range of issues, including trade, technology, security and human rights issues. In the South China Sea, tensions have escalated between Beijing and Manila over a contested shoal. In the Taiwan Strait, China regularly flies warplanes near the self-governed island of Taiwan, which Beijing claims to be Chinese territory.

“As I’ve said, the United States does not seek to decouple from China. A full separation of our economies, or an approach in which countries including those in the Indo-Pacific are forced to take sides, would have significant negative global repercussions,” Yellen said. “We have no interest in such a divided world and its disastrous effects.”

 

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