Yellen: Biden China Actions Not Designed “To Stifle China’s Economic & Technological Modernization”

Yellen: Biden China Actions Not Designed "To Stifle China’s Economic & Technological Modernization"

Comments made on 4/20/23.


We also carefully review foreign Investments in the United States for National Security risks and take Necessary actions to address any such Risks And we're considering a program to Restrict certain U.S outbound Investments in specific sensitive Technologies with significant National Security implications As we take these actions let me be clear These National Security actions are not Designed for us to gain a competitive Economic advantage Or to stifle China's economic and Technological modernization

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