Glad I Didn’t Say That! Does the U.S. Treasury Have Its Act Together on China?

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China, decoupling, deglobalization, Glad I Didn't Say That!, Janet Yellen, Treasury Department, Wally Ademayo

“We do not seek to decouple our economy from China’s. This would be damaging to both the U.S. and China and destabilizing for the world.”

– Treasury Secretary Janet Yellen, November 10, 2023

“I am not concerned about the headwinds from China having a large impact on the US economy.”

– Deputy Treasury Secretary Wally Adeyemo, February 23, 2024

(Sources: “Yellen Says U.S. Wants ‘Healthy’ Economic Ties With China,” by Alan Rappeport, The New York Times, November 10, 2023, Yellen Says U.S. Wants ‘Healthy’ Economic Ties With China, The New York Times (nytimes.com) ) and “China’s woes won’t slow US economy, but excess capacity a concern, says Treasury’s Adeyemo,” by David Lawder, Reuters, February 23, 2024, China’s woes won’t slow US economy, but excess capacity a concern, says Treasury’s Adeyemo | Reuters)