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U.S. Treasury secretary Janet Yellen and Chinese vice premier He Lifeng (Mark Schiefelbein/Pool via REUTERS) The Biden administration during a trip to Beijing briefed Chinese president Xi Jinping’s government on watered-down U.S. plans to restrict investments in China so as not to catch Xi “off guard,” according to a new report. Treasury Secretary Janet Yellen during her July trip to China “previewed” to Xi’s government the administration’s plans to limit investment into certain Chinese sectors, Bloomberg reported Monday evening. “The goal, in part, was to make sure it doesn’t catch off guard America’s biggest geopolitical rival,” according to the outlet.
The revelation marks the latest example of Yellen’s attempts to appease the Chinese while in Beijing. Beyond briefing Xi’s government on the planned investment restrictions, Yellen declined to use tough-on-China language that has angered the Chinese […]
Read the rest of this story here: freebeacon.com
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