The United States of America wants to have “constructive and equal” economic relations with China without prejudice to national security issues, said Finance Minister Junet Yellen in his speech at John Hopkins University in Washington.
“We strive for healthy economic relations with China: relations that contribute to growth and innovation in both countries. Growing China, respecting international rules, is useful for the United States and the whole world, ”the North American official emphasized. from a speech published before the event.
However, Yellen guaranteed that the United States would “not make concessions” in national security matters.
Last month, Beijing accused Washington of inciting tension between the two countries and warned about the risk of “conflict”.
China and the USA compete mainly in the production of semiconductors, electronic components necessary for the work of “smartphones”, cars and military equipment. In the name of national security, Washington in recent months has tightened the sanctions imposed on Chinese chips manufacturers.
“Actions in the field of national security are not intended to allow us to get an economic or competitive advantage or suppress the economic and technological modernization of China. Despite the fact that they have economic consequences, this policy is motivated by simple considerations of national security, ”said Yellen.
“We will continue to join our efforts with our allies in order to respond to the unfair economic practice of China,” he said.