Biden is pushing for World Bank funds to compete with China
Biden's push for World Bank funds to counter China's lending to developing world has stalled. Biden made it a centerpiece of his meetings with fellow G-20 leaders last year. The push has stalled less than nine months after President Joe Biden made the issue a top priority.
Janet Yellen will meet with finance ministers from U.S. allies this week to discuss key issues, including shoring up supply chains, financial stability and supporting Ukraine. Yellen's meetings will include in-depth discussions with Chinese officials on "balanced growth" A new dialogue was launched earlier this month to address China's excess industrial capacity for electric vehicles (EVs) and solar panels.
U.S. is pushing China to change industrial policy threatening American jobs, Janet Yellen says. Yellen: Biden administration will push for change of industrial policy that poses a threat to jobs. Biden administration to push China to make changes to industrial policy, she says.
US will push China to change industrial policy that threatens U.S. jobs, Janet Yellen says. Yellen: Biden administration will push Chinese policy that poses a threat to jobs. Biden administration to push Chinese industrial policy to change, she says. U.N. Secretary of State Hillary Clinton: China's industrial policy poses a 'threat to American jobs'
US will push China to change industrial policy that threatens U.S. jobs, Janet Yellen says. Yellen: Biden administration will push Chinese policy that poses a threat to jobs. Biden administration to push Chinese industrial policy to change, she says. U.N. Secretary of State Hillary Clinton: China's industrial policy poses a 'threat to American jobs'
Janet Yellen says China could force U.S. firms out of business. Yellen stressed the issue of overcapacity after concluding her meetings with Chinese officials on Monday. U.N. Secretary of Treasury says China has overcapacity in its capacity to power the world's largest energy firms.
Treasury Secretary Janet Yellen held economic talks with Chinese officials in Beijing over the weekend. Scott Kennedy, senior adviser at the Center for Strategic and International Studies, joins CBS News to assess what Yellen's trip to Beijing will mean for U.S.-China relations. Yellen calls the talks productive, direct and extensive.
U.S.-China relationship is on ‘more stable footing,’ Treasury Secretary Yellen claims during meeting with Premier Li Qiang. Yellen highlights improvement in relations since her visit to China last year while recognizing that major differences remain. She says major differences still remain in relations between the two countries.
Yellen says 'tough conversations' needed on China's overproduction of EVs and green tech. Yellen met with Chinese Premier Li Qiang on Sunday during her trip to China. She raised concerns about China's production of electric cars and green technology. Yelle: "Tough conversations" needed on overproduction.