Remarks by Secretary of the Treasury Janet L. Yellen at a Press Conference in Beijing, the People’s Republic of China

As Prepared for Delivery Progress Over the Past Year I’d like to begin by speaking about the groundwork that we have laid over the past year. Last April, I outlined our Administration’s approach to our economic relationship with China. President Biden and I are clear-eyed about the complexities of this relationship. Our priorities include protecting our national security and that of our allies, advancing an objective of a healthy economic relationship with a level playing field for American workers and firms, and cooperating with China where both countries can and must. It is undeniable that the U.S.-China relationship is on stronger footing today than this time last year. This was not preordained.