Yellen Testifies About US Actions to Combat China’s Predatory Financing

Published on July 11, 2024

Treasury Secretary Janet Yellen testified to Congress on June 9 about the “State of the International Financial System.” Lawmakers only wanted to talk about one country: China. Members of Congress in both parties have emphasized the China threat, with House Speaker recently saying that the Chinese Communist Party (CCP) represents the “single greatest threat” to the United States’ national security. During the Treasury Secretary’s annual hearing before the House Financial Services Committee, Ms. Yellen faced questions from members about the United States’s efforts to combat the CCP’s predatory lending in developing countries, China’s overproduction of critical technologies, and U.S. efforts to aid Taiwan in its defense against the CCP’s aggression....

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