The U.S. Treasury Department said on Tuesday (18th) that in order to strike a balance in the process of U.S.-China competition and start negotiations with Beijing on global issues that require cooperation, U.S. Treasury Secretary Janet Yellen will make an announcement on Thursday (20th) The most comprehensive major speech since she took office.

The U.S. Treasury Department issued a preview before the speech: “Treasury Secretary Yellen will emphasize the bilateral relationship with China, and she has full confidence in the enduring fundamental strength of our economy. She will also discuss infrastructure investment, advanced semiconductor manufacturing and clean energy. technology.”

The U.S. Treasury Department continued that Yellen will outline the main goals of the Biden administration, including defending the national security interests of the United States and the protection of human rights; seeking “healthy and mutually beneficial economic competition under a level playing field”; information on the state of the country; cooperation with Beijing on climate change and debt.

The recent tension between the United States and China has clouded the outlook for the global economy. Yellen is expected to visit Beijing within a few months. Therefore, the speech delivered on the 20th at the Johns Hopkins University School of Advanced International Relations in Washington DC is particularly special. important. Free Times 0418