In China Visit, Yellen Confronts Communist Regime's Treatment of US Companies

U.S. Treasury Secretary Janet Yellen said China and the United States should compete based on a “fair set of rules,” defending Washington's policies against the communist regime's continued unfair trade practices on the second day of her diplomatic trip to Beijing. Ms. Yellen made the comment during her first face-to-face meeting with China's new Premier Li Qiang on Friday. The Treasury chief, in a prepared speech, said that the United States is seeking "healthy economic competition" with communist China that is "not winner-take-all but that, with a fair set of rules, can benefit both countries over time," according to a transcript released by her department. Ms. Yellen defended the efforts by Washington to safeguard national security interests from threats posed by the Chinese regime, noting that these measures shouldn't lead the bilateral ties to become worse.