Yellen to call for ‘constructive and fair’ economic relationship with China
US Treasury secretary Janet Yellen is expected to call for a “constructive and fair” economic relationship between China and the US.
In a sign that Washington wants to strengthen ties with Beijing, Yellen is expected to say later today that the US wants to cooperate with China on global issues such as climate change, debt relief and macroeconomic stability.
But Yellen will also warn that US will keep resisting “unfair” economic policies, amid ongoing tensions between the world’s two largest economies.
She is expected to tell Johns Hopkins University’s School of Advanced International Studies that:
“More than resources or geography, our country’s success can be attributed to our people, values and institutions. American democracy, while not perfect, protects the free exchange of ideas and rule of law that is at the bedrock of sustainable growth.”
Afternoon summary
Time for a recap – here are today’s main stories so far:
