US Treasury Secretary Janet Yellen's recent visit to China has sparked discussions on several fronts, focusing on maintaining a strong trade environment between the US and China, addressing exports, and exploring the possibility of stimulus checks, or 'stimmies.' Despite her efforts to communicate the US's stance on these issues, there is skepticism about the impact of her messages, particularly regarding the US's cost-of-living crisis and the proposal for stimulus checks. Yellen also plans to rally support against China's 'overcapacity' at the upcoming IMF and World Bank meetings. Her trip was described as coming from a position of strength, attributed to the US economy's performance relative to China's, thanks to the policy choices made by the President. Additionally, Yellen emphasized 'domestic demand-led growth' during her visit and hinted at potential sanctions for those supporting Vladimir Putin's war, raising questions about the implications for Chinese banks. The visit has been characterized by some as Yellen playing a strategic game with China, amidst debates on the Chinese economy's understanding and the potential economic threats to American industries.
“We avoid misunderstandings and we preserve economic interactions that are beneficial to both sides,” Treasury Secretary Janet Yellen said this month, speaking on the U.S.-China relationship: https://t.co/6KfOeUHrYX
The debate on Chinese "green largesse" heats up as Yellen points fingers. Are fears of economic catastrophe overblown, or is there a real threat to American industries? #EconomicAnalysis #TradeWars Pierre Lemieux at #EconLog: https://t.co/5sEmXdOOfG
Yellen is a reckless menace. What's the trimmed mean sticky seasonally-adjusted supercore PCE if China gets their U.S. assets seized? I don't know, but it'd be interesting. @SecYellen https://t.co/621L0ICpos https://t.co/sCOxmswsEf
“Domestic demand-led growth” was the key message of US Treasury Secretary Janet Yellen on her visit to China this month https://t.co/e1YJezOdG4
Janet Yellen playing poker with China https://t.co/PjgHZnjClD https://t.co/k3GIwKjisy
Janet Yellen is promising sanctions for those supporting Vladimir Putin’s war. But would America dare to bring down a Chinese bank? https://t.co/An7w7INUf7 👇
"She went to China in a position of strength... bc the U.S. economy is doing far better than the Chinese economy... bc of the policy choices the President has made..." Dep. Treasury Secretary @wallyadeyemo talks @SecYellen's trip to China. @Elex_Michaelson hosts @TheIssueIsShow https://t.co/f2LiyNYGEj
Janet Yellen is poised to rally more countries to her warning against China's "overcapacity" at the IMF and World Bank meetings next week. My story with @RamseyAlRikabi @v_dendrinou @europressos @chrisjcondon, with insights from @inumanak @joshualipsky https://t.co/f1QMTQ3niY
https://t.co/oVznGLaS33 Parsing Treasury Secretary Yellen's misunderstanding of the Chinese economy.
Yellen concerned yet?
“News reports suggest Yellen even tried to sell the Chinese on stimulus checks — or “stimmies,” as they came to be known during the pandemic. Put yourself in the shoes of the Chinese here: Yellen’s Treasury has created a cost-of-living crisis in America, and now she wants to… https://t.co/nFOARtgTa8
Treasury Secretary Janet Yellen’s trip to China sent a clear message about exports, but it will likely fall on deaf ears in Beijing https://t.co/gWBvyO8yan https://t.co/gWBvyO8yan
#OpinionLine US Treasury Secretary #JanetYellen recently held a series of meetings with leading Chinese officials, during which she wanted her hosts to know that her country had no interest in quashing the strong trade environment in which the US and China operate. Yet almost… https://t.co/pGItnoXGxL