Yellen Implores China to Rethink Economic Growth Strategy
- US side pushes Beijing to change economic strategy for growth
- Top Chinese officials still give Treasury chief warm reception
US Treasury Secretary Janet Yellen implored Beijing’s top leaders to fundamentally rethink their economic growth strategy, as she wrapped up a high-stakes trip to China that’s been a balancing act in strengthening bilateral ties while delivering stark criticisms.
China’s economic imbalances and massive government subsidies of certain sectors will “lead to significant risk to workers and businesses in the United States and the rest of the world,” she said at a press conference in Beijing on Monday.