Yellen Assures No US–China Decoupling, Setting Stage for Biden–Xi Meeting

The United States does not intend to decouple from China, Treasury Secretary Janet Yellen said in a recent speech ahead of the APEC summit this month.

Treasury Secretary Janet Yellen speaks at an event on the Biden Administration’s economic strategy toward the Indo-Pacific in Washington on Nov. 2, 2023. Madalina Vasiliu/The Epoch Times

A decoupling of the United States and China would have disastrous consequences for the global economy, according to Treasury Secretary Janet Yellen.

Ms. Yellen’s remarks come ahead of the much-anticipated Asia-Pacific Economic Cooperation summit in San Francisco. The White House confirmed that President Joe Biden would meet with Chinese regime leader Xi Jinping on the sidelines of the summit.