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International Business Times
International Business Times
Science
Beiyi SEOW

Yellen Urges China To Shift From 'Unfair' State-driven Economic Policy

Janet Yellen China Joe Biden United States Xi Jinping Business Council Washington D.C.
US Treasury Secretary Janet Yellen told an event in Washington that an excessive role for China's security apparatus can dissuade investment (Credit: AFP)

US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying that this can discourage investors.

"Too strong a role for state-owned enterprises can choke growth and an excessive role for the security apparatus can dissuade investment," she added, at the US-China Business Council's 50th anniversary dinner in Washington.

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