Yellen Testifies About US Actions to Combat China’s Predatory Financing

Treasury Secretary responded to members’ questions about restructuring Chinese-owned debt and preventing China from dominating key industries.

U.S. Secretary of the Treasury Janet Yellen delivers a keynote address at the Treasury Department in Washington on Sept. 14, 2023. Alex Wong/Getty Images

Treasury Secretary Janet Yellen testified to Congress on July 9 about the “State of the International Financial System.”

Lawmakers only wanted to talk about one country: China.