wants to reestablish dialogue on economic issues, especially global concerns such as climate change, developing country debt problems, and macroeconomic policy coordination,” he told VOA Mandarin. The Brookings Institution’s Dollar said Yellen’s softer tone shows the administration’s willingness to resume dialogue with Beijing on global issues. She added that she plans to travel to China “at the appropriate time.”
A growing China that plays by the rules can be beneficial for the United States,” she said. Rather, we know that the health of the Chinese and U.S. It would be destabilizing for the rest of the world.
#Espionage definition pronunciation full
“A full separation of our economies would be disastrous for both countries. does not seek to “decouple our economy from China’s.” In her Thursday speech at Johns Hopkins University’s School of Advanced International Studies in Washington, Yellen said that the U.S. The incident led to the cancellation of Secretary of State Antony Blinken’s trip to China, and delayed Yellen’s planned visit to Beijing. shot down an alleged Chinese spy balloon over American territory. President Joe Biden met with Chinese President Xi Jinping last November in an effort to stabilize the relationship, but any progress was sidelined in February when the U.S. U.S.-China relations entered a downward spiral in recent years, with each side increasingly seeing the other as its top strategic and economic threat. “as there are still a lot of hostile voices in the U.S.,” but “it is likely that sometime soon high-level dialogue between the two countries will resume.”Įarlier this month, senior officials from the Department of Commerce traveled to Beijing and Shanghai to lay the groundwork for a potential trip by Commerce Secretary Gina Raimondo later this year. “Their concern is that a lot of the national security measures do, in fact, limit their technology and limit their prospects for growth.”ĭavid Dollar, an economist at the Brookings Institution, told VOA that China will be cautious in responding positively to the U.S. definition of national security as quite expansive and they don't quite know what it will cover,” he told VOA Mandarin. “From the Chinese standpoint, they see the U.S. Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, said Beijing’s unenthusiastic reaction to Yellin’s statement is not a surprise. Even more ordinary technology like the popular TikTok app is under scrutiny because of suspicions China’s government uses it for surveillance or other purposes.
In recent years Washington has focused on increasing controls over technology trade with China, arguing that some advanced technology such as 5G, artificial intelligence, and quantum computing with substantial military applications should only be purchased from allied nations. is to take away the right to development from China and maintain U.S. has been building ‘small yards with high fences’ and pushing for decoupling and fragmenting industrial and supply chains,” Wang said at a daily briefing Friday. of now using technology and trade issues between the two economies as a tool and weapon “in the name of national security.” seeks constructive and fair economic ties with China without compromising its national security.Ĭhinese Foreign Ministry spokesperson Wang Wenbin responded by accusing the U.S. In a speech detailing the Biden administration’s economic priorities on China a day earlier, Yellen said the U.S. Treasury Secretary Janet Yellen’s appeal for the world’s two biggest economies to resume official communications.
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