Treasury Secretary Yellen delivers remarks on the U.S.-China economic relationship - 4/20/23
ฝัง
- เผยแพร่เมื่อ 19 เม.ย. 2023
- Treasury Secretary Janet Yellen delivers remarks Thursday on the U.S.-China economic relationship at Johns Hopkins University’s School of Advanced International Studies.
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
#cnbctv
Treasury Secretary Yellen delivers remarks on the U.S.-China economic relationship - 4/20/23
We are not going to contain China, but we have Quad；
We are not going to cut China off technology chain, but we will sanction anyone who sells high tech chips to China;
We are not going to decoupling with China, but we are sanctioning Chinese companies who are ahead.
Yet why China haven’t invited me Bruh?
😀😀😀😀😀
🤣
Best comments for this video!
🤣🤣🤣
Well said!!
I can understand why the Chinese government don't want to talk to the us anymore.
there is no issue between American and Chinese people really. but your government is remotely detached from the public. sometimes your government could even become the enemy of your people. look what happened with the GameStop stock trade and the restrictions they put on public transactions. that said, I love making friends with American people though. they are mostly candid, kind, and easy-going.
There's no reason to talk too much to insane people!
When she says China needs to play by international rules what she’s really saying is China needs to play by OUR rules.
U shouldn't be here if US is so bad ....
Europe doesn't count?
@@ruperera Europe is under the protection of the US and it abides by the US hegemonic monetary system.
@@theawakenment1361 The world is US and China according to you? Shoudl we consider Africa "under the protection of China" as well as Russia?
@@ruperera The reserve currency is the dollar and the US controls the swift system upon which the global financial system runs. The majority shareholders of the IMF and the World Bank are also guess who? That’s right, the good old US of A and it’s these global institutions that make the rules.
she desperately tried to convince us that US is not declining , but failed badly! LOL
All empires rise and fall. No nation is immune The question is how the nation goes about it.
@@merovingian688 yeah, China
@@merovingian688 even the british empire that never let the sun to set on their empire. end up set too. 🤣
LOL you have no freedom
The US is declining only to the degree that it kow tows to China
In one sentence:
We want hit you in all aspects, but it's wrong if you hit back.
yes, as the new chinese FM said, "do not expect us to stay always still when you hit me, that's not what we can do"
I wonder what issues she think her speech will solve for the US. Never mind her advice for China. Not sure China needs our advice.
I used to respect Janet Yellen a lot because she’s a great economist. However, she’s controlled by politics now. We want to prosperity and jobs in USA. We can’t perceive every single economic issue through national security perspective. It’s fundamentally wrong! Politician love our business world say bad things about China, but it’s not the truth.
sadly you had been wrong about YELLEN as a economist ...and now you are right about her as a bad politician. She marches to the tune of BIDEN politics ... she has no conscience or sense of what is right. She talks about human rights ... yet this country is a systemically racist about everyone ... EVERYONE (even white folks)...then she thinks she is on the moral high horse that judges everyone else. Simply put she is an old idiot.
I am agreed with you - She will never has my respect - an economist should not involved in politics.
我不知道作为一个经济学家，原美联储主席，现任的美国财政部长。。耶伦女士是在陈述自己的想法，还是从别人那里拿到的这份讲稿照本宣科。我真的很感谢美国这两届的政府和官员，国会议员！是你们的实际行动，让很多出生在中国却不知不觉中在过去30-40年来接受美国及其附庸(包括一些国家，NGO，中国或长着中国脸的华人公知etc.)洗脑的中国人彻底清醒。。。谢谢你们，现在我们决定走自己的路去了。。Goodbye America👣
dog china and dog Russia.
❤
try to take Taiwan and say hello to Uncle Sam!
@@billmoyer3254 you don't even dare to lay a finger on russia, and you think uncle Sam dares to meddle with tw?
@@billmoyer3254 hello uncle Sam
Actually, Yellen is one of my favorite economists, I read her papers in her early career, and I really like her model, clean and clear. Now she becomes a politician, what a pity for academia....
I actually like china before but now they just do genocide and spread wuhan lab virus around th world what a pity
Her evilness is in her bones, nothing to do with politics.!
Dia hanya menjalankan ekonomi dari Teks boks bukan dari kenyataan, jadi apa yang kalian harapkan dari dia ❓ 😂😂
She never work for American people.
She take orders from a powerful foreign entity who set up Davos WEF.
Are you not curious why Davos set up by the Europeans ?
She always makes me feel like a well-loved student in a posh private school. I think she'd be everyone's favorite teacher. If people don't like her, they probably just don't like the message, which I would think comes from security-minded (Navy) types.
Hear a lot of whining coming out of this admin recently. First Blinken, then Austin and now Yellen. You cant call someone your #1 enemy and then whine when they dont want to talk with you.
USSR was the reason why US and China came together and the US won the cold war with the help of China. Right after the end of the WWII, the US started the cold war with USSR immediately. 10 years after USSR being defeated, the relationship of the US and China became difficult. The US needs enemy all the time, whoever comes closer to the US, will automatically be the next one. With this geopolitical thinking logic, who will help the US next time? If Japan helps the US to fight China, will Japan be the next target should the US win the fight? Japan should still remember how it had been defeated by the US in WWII and during the economic war in the 198Xs. After USSR, Germany is the target the US now because Germany wants to be the leader of the Europe Union. So, don't blame anyones, the US needs a target to fight with. It is very hard for all others to figure out what is really the US's national security. It could be anything subjectively. A magnetic has two ends, no matter how you cut it into a smaller piece. No matter what end the US likes, there will be always both ends coexist. I can see the frustration of the US.
Well said
Wrong.
Madame, it is wrong for American politicians to demand cooperation while supporting the Taiwan secession. This is where I strongly disagree.
If you change every word “China” to “America”, her entire reading speech suddenly makes sense.
Right on
完美示范賊喊捉賊。
Feed the people in the USA. Food insecurity and gun violence in the USA is not because China is successful. America needs to review the human rights deficiencies in the USA and be an example. It is so disappointing to be an American and see how far America has declined. Where is the middle class in the USA? Sounds like she is making a case for a second Plaza Accord!
with all due respect, US has got a bad record on human rights issues, home and abroad. native Indians, black Americans, Iraqi war, Arab spring...It's such a long list.
She did not dare mention the american debt crisis, and her major intention to meet with chinese counterpart is to beg them buy and sell no more american debt.
Beggar got no right to Bargain.
It's like a proud aristocrat who has many assets but does no have liquidity.
IF SHE GO..AS FROM PAST EXPERIENCE...SHE WILL BE THREATENING DO THIS OR ELSE...BUT IT IS NOT JUST CHINA SELLING US DEBTS....S KOREA...Japan,.Israel alll pivoting to buying gold...reducing USD reserve....even my country ! THAT IS WHY CHINA...XI IS TOO BUSY TO SEE HER...WORLD'S LEADERS LINE UP TO SEE XI !!! WHERE GOT TIME...TO SEE HER !
XI IN HIS EXCHANGE..WITH CANADIAN PM..." show your sincerity first ,.if not don't waste my time".
Her logic is we will continue to sanction your companies and block your companies invest in US, but you have to buy US debt and use dollars to trade. Very funny logic 😂😂😂
that debt is a weapon. the joke is on you.
Come on, Yellen! Just say it! United States of American needs China to buy its bonds! US needs China to stop saying "No" to US! US needs China to stop working with Russia and the other countries and keeping sending good goods and service to US. Let US be the number 1 for the rest of 1000 years! Just say it!
I agree that the US shoudl put human rights first: gun violence, women's rights, discremination of minorities, policies towards the American Indians. Then the failing infrastrustures in the entire US.
Human rights for uyghur and tibetan, and accountability for spreading wuhan lab
Virus should be prioritizes
@ainz the US and NATO genocide on millions of Muslims in Afghanistan, Iraq, Syria and Libya
And all of the sudden they care for the human rights of Chinese Muslims in Xinjiang
@@ainz1325 So one finger towards others, fours fingere to yourself? How hypocritical ar US, right？
You are full of CCP whataboutism and dismal propaganda
@@ainz1325 Go buy a ticket..go visit Xinjiang..Tibet...Wuhan....stop believing American bullshits !
America needs China economically. But acted so arrogantly, not want to ask, but to force. Our leaders believe we are superior than Chinese, however, things changed. Our leaders’s vision stopped at 1980s. They are too old to learn and adapt to the new world.
US rules, political system, human rights, values........ are by far the best in the world. 😀It was demonstrated by the amount of homeless people on the street, the un-stoppable gun fighting incidents, the wide spread racism, military bases and wars all over the planet, close surveillance of all countries including its alliance, living on huge country deficit, extreme unjust wealth distribution. We tell our parents, if you wish to have good children, the first thing to do is to set good examples. Imagine what the world would be like when they have the system and social instability similar to US.
That's Yellen's vision of global order!!!!
Similar speech to Native American in the old centuries: 1) We did want to de-couple the two culture, we lived together to help each other, 2) in the reserve lands we cooperated, 3) Outside reserve lands, we executed security action to protect ourself.
The same can be said to Iraq, Afghani, Yemen, Libya, Syria, and many more.
If you justify every hostile action to China by national security concern of US, there is no need for China to talk to you.
Considering how hostile US is to China and the fact that US can simply confiscate others' property, I think it IS really a national security concern for China to hold any US financial assets.
International rules = sanctions? banned?
This administration is a disaster
It sounds like a typical American politician's speech, not an economic speech
Since when do American politicians care about the economy. Always politics over economics.
She has to do this publiclly to keep her job
CATL, the world's largest car battery company, has partnered with Ford to build a wholly-owned lithium iron phosphate battery factory at a cost of US$3.5 billion. It was rejected by the Virginia government because the company is Chinese. Americans are ridiculously anti-intellectual. Americans are now led by ideology, and everything can involve politics. Can the United States not decline? LOL
It's great to see dinosaurs bragging about their superiority while the asteroid is hurling closer and closer toward the planet.
lol
China to Yellen: go away.
Chinese：滚
USA: Are you sure you will refuse to buy my treasury bonds? My aircraft carrier will sail freely to your coastline.
United States of Arrogance
If you have to try so hard to convince others that you're the greatest, you're not great!
It would make sense of her speech if one interprets everything she said the opposite way😂
You mean like in 1970, china met US to save US from poverty? Sounds very logical, you are right
Amazing women! Who could tell a lie at the so call prestige " educational" institution. Felt sorry for all the young children educated there to be able lie like her! US is doom!
Yellen is lost in the fog of American security. She, like Blinken, are standing on the deck of the Titanic, saying: ""There is no danger that Titanic will sink. The boat is unsinkable and nothing but inconvenience will be suffered by the passengers.""(BBC)
Yea try to force another powerhouse of a super power to bend to your will, no way that’s not going to backfire.
Confrontation is not in China’s culture, especially in diplomacy. Who started the bans, sanctions & aggressively building military capability in Province of Taiwan?
Most hawkish speech from Yellen. Not sure if this will lead to any effective dialogue between the two countries.
She has no shame to lie! US economy is in big trouble , inflation, debt, and excessive spending !
"The most dynamic economy in the world" running $2 trillion dollar deficit. 😂😂😂
Err..... usa debt is 30 trillion btw.
@@tiewkiat the US debt is over $31 trillion. US deficit for fiscal 2023 is estimated to be around $2 trillion
America is confused, why is China so stubborn about being independent from our leadership? Why can't they behave like our other minions? We are concerned!!
Lol, American hegemony will be gone for good!
Classic example of speaking with forked tongue. It is the American way. China is fed up with this double talk. So it refuses to talk to Yellen and Blinken because it is a waste of time . She is desperate to get China to support the USD and US economy and Blinken is there to threaten China with war if it doesn't do so. It is the modern Abbot and Costello show.
u r a smart boy
China needs to be fair??? That’s a message for the US. This is a joke
What a liar
Líes, lies and always lying to people
“International rules”😂
Time to retire........worry about usa first.
Fire her, and whoever told her to make this speech.
you seem mad? good stay that way.
Any improvement of the U.S.-China relationship is impossible, let's just wish two big countries will not go to a war.
I hope they do go to war
Yellen tried so hard to show she was reading a script, probably wants to say that she was forced to say all this. it was not what she wanted to say as an economist.
说了也不让你去，你说气不气，说了也不停止卖，你说怨不怨
It is a politician talking about economics. Self interests before mutual interests. China be forewarned.
Delivers remarks like she is empress of this universe. Outside of US, every financial expert or whatever they are considered thugs and dishonest people ready to trick the world.
The foolishness of many western politicians shows the sign of western decline
What could go wrong with people like Yellen and Biden at the helm...
😂
China projected to grow about 5 to 6% percent, contributing about 20% to 25% global growth due to it's large size
Whichever country holds US treasury bonds have a genuine national security issue on hand.
When can US and NATO be charged with war criminals?
She said human rights, what happens to Iraq and the middle.
War crimes , genocide of innocent by the USA . What the heck she talking about.
i think it is quite obvious yellen has her own intension, she is making sure China do not cooperate 😂😂 or she is totally unfit for this job.
She said she would be completed honest but did not do so. Pity!
Old Yeller needs to be taken out back.
Correction "Our goal IS to use this tool to gain an competitive advantage."
How blind do you think we all are? Shame!
US just opened three new military bases off China while she was over there.50 mil a year to maintain and wages.probarbly a couple billion to arm.And she's over there asking for help.
Didn't they ban Confucius institutions in America?
There’s no way they’re this incompetent. This is malice
So many point of views Yellen is deliverying here are contradicted to each other. I can understand why Chinese don't bother to talk to them at this stage.
Yes Wu, Cow tow to your Emperors. Otherwise we you end up the Ukrainians. Bow to you masters, bend you knee and kiss the ring of Vladimir Putin and Xi Jinping the New Emperor of the 21th Century. LOL hahahahahahahaha 🤣
美国人在中国已经丧失了诚信，美国政府总是说一套做一套，我们已经无法忍受美国人站在我们头上拉屎，当我们想反抗的时候，美国人说你不能反抗，你在破坏“世界规则”，不要再妄想用美国价值过和规则掌控中国，美国就像吸毒上瘾的班级霸王一样，还非得要求其他小弟一起“吸毒”，这非常荒谬，没有美国的世界将会高速发展，人们和睦相处。
When the would be borrower tells the would be lender to toe the borrower's line, what would you do?
When the borrower (he who borrowed in the past) sanctions the lender of last resort, would you lend to said borrower again. When the borrower is deep in debt, would you lend again?
No, no and no!
Yellen looked like she recovered from a stroke 😅
She was horrified after seeing American debts piling up higher than Staten Island garbage dump.
@@pegasusqilin
That would explain she looked like that for quite some time now.
mmmmm sounds like de dollarization is starting to get to yellen.
The only side talking decoupling is the US, don't see China say want to decouple. Rules were made by the US & now US wants to change rules & apply to others
I doubt this speech will win her the heart of Chinese officials.
Why do we have a q-tip that apparently doesn't know anything about economics running the treasury?
Another Obama era dinosaur, along with Obama pulling the strings
That is the Brandon MO. Incompetence
😂 😂 😂… American security concern is to contain china. Why not just say it out loud.
America is in Debt Distress, look at how the American Government is managing that, LMFAO!!!
Risk of US-China decoupling ‘still high’ despite olive branch from Yellen:
She has been making the similar stand for months, yet seemingly in futile.
Olive branch or not, the political & other economic leaders apparently are not buying what she said.
They will regret. But would they really care..?
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@Harperrr.99 I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@corrySledd hello, please can you leave behind the name of the F/A guiding you?
@@Blitcliffe I happen to know NICOLE DESIREE SIMON. She has been my fin coach since 2018, no major losses has been recorded. Totally recommend her too.
@@corrySledd Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.
I never realized how much she resembles a gnome.
Gnomes live in their own world, why insult them?
Mrs Yellen, please install more surveillance system. My packages have been stolen several times. You know what police told me? "We cannot do much about it even though you have Ring installed and you can provide me the recorded video." I need to survive.
I’m learning Chinese so I can catch a good job when we get our asses kicked . We must show the world how inclusive and progressive we are! We have social justice soldiers lol😂
China wants to work w the US to make America great again, but the US has been barking at China like a crazy dog. Finally, China says No.
Learn Chinese and Russian, Chinese and Russian mingles quite daily in tourism and trades as both borders are so conveniently close
good move, if you need to learn Chinese, let me know, free class. or you need a Chinese girlfriend or boy friend, i maybe able to help you
@@WeidongGuo-qb1wp girl friend would be good 👍
I'm great my kids growing up in SG. Late SG's father Lee Kuan Yew has prepared their citizens ready for China rise for many decades.
If you read everything from your script, why not just post the script for us to read? who wrote the script？
US: China, come here, get down on your knees, I beg you to do something
Lies
America is leading a international Frat house and china is a nerd in library, and you know how the story ends
This i IS the insane woman who said abortion would be good FOR the economy
Boycott dollar
Why is this ancient creature in charge of anything?
Because she is female Jewish dovish printing money.
They look worried. If you are the greatest economy in the world, you don't have to say it outloud. The thing is they are not any more.
Rules can be changed and sometimes must be changed if they are outdated, and if they only serve those who created (and controlled) them. Even the Constitution has amendments!
She sounds like a neocon… her speech is laced with so much prejudicial languages and languages clearly targeted US domestic audience and it dilutes her real concern over economic and credibility at home…
I m so curious what definition forced labor is? Is there anyone excited to expect business days?
US and China each faces problems that can only be addressed with internal policies. Each cannot blame the other for its problems and failures.
Which administrative officer of China blamed US for its own failure?
Biden, Blinken and Yellen ALL have LONG NOSES and wear no clothes
So she expects China to work with US while US applies hundreds of sanctions over Chinese companies, and suppresses China's technology developments? You kidding right? 😂😂
The warmonger feels very bad against China economy
I have planted 2 fruiting trees so far and i plan to produce 500 lbs of fruit per year and donate the crop to food banks. And i make some delicious green tomatoes. As i scale up production then i plan to donate yet more. It is much better to give than take yes?
Here are the take aways:
-United States defines "technology security" in first half the speech, and US self defines "cooperation" unilaterally in the 2nd half of the speech
- the future growth point is AI and related high tech, but China will get blocked ,however US and China need to cooperate in other areas.😂
In foreseeable future,. neither Yellon , Raimondo,. Austin nor Blinken would be able to directly talk with China. 🎉
Go ahead try to take Formosa.
@@billmoyer3254 😮 you mad , son?
When lying is your career
Thank you, next
every country must play accourding to the rules we make but not for us .we ,us is otoritarian with democratic look
the title of the speech: Why American Double Standard Must Outweigh China's
I wonder if she use Chatgpt to make that speech
I have consulted with US law firms with regarding to Mrs Yellen’s comments on china’s demand on technology transfer requirements in exchange for market access. US law firm confirmed that there is no “forceful” efforts from China. It is a simple mutual legal agreements between two business partners. No US firm has ever been forced to do so and if US firm does not like it, they simply can stop doing business in China.
7 mins into the video, i cant handle it. too much lying already
Yes, she didn't leave out a single lie that the US has cooked up to smear China with over the recent years.
I did manage to get through the entire thing though. Toward the end, she said she wanted to talk to her counterpart in China. Basically, she , as an American, still believes that she can get her way by bullying and attacking China.