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US Treasury readout of Secretary Yellen's meeting with China's finance minister
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Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Meeting with Beijing Mayor Yin Yong of the People’s Republic of China
Mayor Yin, thank you for your warm welcome. It is a pleasure to meet you in Beijing, and I am looking forward to the opportunity to exchange views with you. I am in China to carry out President Biden’s guidance to me to build resilient channels of communication between our two countries. U.S. engagement is not limited to senior officials in the Chinese central government. It also extends to local government leaders who make critical day-to-day economic decisions. I believe that to understand China’s economy and its economic future, engagement with local government is essential. Local governments play a critical ... (full story)
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Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Roundtable with Beijing University National School of Development Professors
Thank you for hosting me today at Peking University. As the United States and China have worked to put our economic relationship on surer footing, the work of deepening our communication has been critical. Last fall, the United States and China established Economic and Financial Working Groups, which have met regularly since then. And my staff and I are in frequent communication with senior Chinese government officials. I believe better understanding each other’s macroeconomic situations and policy intentions can contribute to further progress in working towards a healthy economic relationship with a level playing ... (full story)
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Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Meeting with Beijing University National School of Development Students
Thank you for welcoming me to your campus today. It is exciting to be among the bright minds of China’s next generation of economists and policymakers. As I shared with your professors when I met with them earlier today, I began my career as a professor of economics. Throughout my time in academia, I greatly valued frequent exchanges with my fellow faculty members. And I equally enjoyed teaching and learning from students. This approach of considering new ideas—and constantly testing my own assumptions—has greatly benefited me as I became a policymaker and government official focused on taking a pragmatic ... (full story)