US Treasury Sec. Yellen calls for 'constructive and fair' US economic ties with China

Citing excerpts released by the US Treasury, Reuters reported that Treasury Secretary Janet Yellen will say in her speech later on Thursday that the US seeks a 'constructive and fair' economic relationship with China.

Additional takeaways

“US will communicate clearly concerns about China's behavior, secure its national security interests and protect human rights.”

“US will not compromise on national security concerns, even when they force trade-offs with economic interests.”

“US targeted actions against China are driven by security concerns, not meant to gain competitive economic advantage.”

“Calls on China to follow through on promises to work with US on macro economy, climate and debt distress.”