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U.S. DEPARTMENT OF THE TREASURY
READOUT: Secretary of the Treasury Janet L. Yellen’s Roundtable
Discussion with U.S. Businesses Operating in the People’s Republic
of China (PRC)
July 7, 2023

BEIJING – Today, U.S. Secretary of the Treasury Janet L. Yellen participated in a roundtable
discussion with over 10 U.S. businesses operating in the People’s Republic of China, hosted by the
American Chamber of Commerce in China. Secretary Yellen recognized the importance of trade
and investment with China in supporting American workers and businesses, given deep integration
between the two economies. Secretary Yellen raised concerns, including barriers to market access,
China’s use of non-market tools, and punitive actions that have been taken against U.S. firms in
recent months. She also reaffirmed the U.S. economic approach to China, which remains focused
on three primary objectives: securing vital interests pertaining to national security and human
rights; pursuing healthy and mutually beneficial economic competition, in which China plays by
international rules; and seeking mutual cooperation on urgent global challenges, including on the
macroeconomy, climate, and global debt.
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