US seeks collaboration with China with eye on national security: Yellen

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WASHINGTON: The United States seeks to work with China on global challenges from climate change to debt distress, but will not compromise on areas like national security, Treasury Secretary Janet Yellen said on Thursday (Nov 2).

US Treasury Secretary Janet Yellen said in prepared remarks that America is committed to boosting trade with Asia-Pacific countries.

Setting out America's economic approach to China, she said both sides are working to collaborate on international issues including climate change and debt distress in low-income countries. Apart from US-China relations, Yellen also made a case for deeper economic ties with the Asia-Pacific region, arguing that greater engagement boosts trade, jobs and security both at home and abroad.set to visit Japan, South Korea and India

Making the case for trade expansion, she said this boosts production at home and allows US businesses to expand their operations and create more jobs.

 

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