In her first public remarks during a visit to Beijing, Janet Yellen, the United States Secretary of the Treasury, voiced her concerns about China’s newly implemented export controls. The announcement came as part of Yellen’s ongoing efforts to address economic issues and foster cooperation between the two global economic powerhouses.

Yellen, who met with Chinese officials to discuss various economic matters, highlighted the potential implications of China’s export controls on global trade. Speaking at a press conference, she expressed her worry about the impact on supply chains and the free flow of goods, stressing the importance of open and fair trade practices.

The new export controls implemented by China have raised concerns among international trade partners. These controls are believed to target certain strategic industries, including advanced technology and critical raw materials. Yellen’s remarks indicate the United States’ commitment to maintaining an open and transparent global trading system.

While acknowledging China’s right to safeguard its national interests, Yellen emphasized the need for clarity and predictability in trade policies. She called for increased dialogue between the two nations to address these concerns and find common ground.

Yellen’s visit to Beijing marks an important step in promoting bilateral economic relations, as the United States and China seek to navigate challenges and promote stability in the global economy. The Treasury Secretary’s remarks underscore the significance of ongoing discussions between the two nations and the need for continued cooperation to ensure a mutually beneficial economic environment.

As the situation develops, global stakeholders will closely monitor the outcomes of these discussions and their potential impact on trade and economic relations between the United States and China.