{"id":586843,"date":"2026-04-16T01:49:21","date_gmt":"2026-04-16T01:49:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/586843\/"},"modified":"2026-04-16T01:49:21","modified_gmt":"2026-04-16T01:49:21","slug":"yellen-says-no-alternative-to-dollar-urges-us-china-cooperation-for-sake-of-the-world","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/586843\/","title":{"rendered":"Yellen says \u2018no alternative\u2019 to dollar, urges US-China cooperation for sake of the world"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">A decoupling between China and the United States is something \u201cthat you don\u2019t want to see\u201d, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive.<\/p>\n<p>Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China\u2019s reliance on exports for growth \u2013 resulting in <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3349849\/chinas-imports-surge-march-exports-soften-amid-hormuz-blockade?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">a trade surplus<\/a> with the rest of the world \u2013 has created \u201cserious conflicts\u201d with advanced economies that are unwilling to \u201ccompletely cede control of advanced manufacturing to China\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">These are the issues that Washington must address through negotiations, she said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In the face of \u201chuge global problems\u201d, the US and China \u201creally need to cooperate\u201d to address the world\u2019s issues, Yellen said during a panel discussion at the summit. As an example, she pointed to some successful efforts to tackle climate change through bilateral cooperation.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Yellen, having served as US Treasury secretary under the presidential administration of Joe Biden from 2021 to 2025, said Middle East conflicts create economic uncertainties and supply shocks that could put more pressure on inflation.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Regarding US-China collaboration, Yellen singled out artificial intelligence as an area with significant threats, requiring the US and China to cooperate to ensure the safety of AI systems.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWe should preserve the ability to work together on common things that affect not only our two countries, but the entire globe,\u201d she contended.<\/p>\n","protected":false},"excerpt":{"rendered":"A decoupling between China and the United States is something \u201cthat you don\u2019t want to see\u201d, says former&hellip;\n","protected":false},"author":2,"featured_media":586844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[67290,550,28,144,4253,926,101,5425,256709,801,198775,3319,129,1206,9802,21,2002],"class_list":{"0":"post-586843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-ai-systems","9":"tag-beijing","10":"tag-business","11":"tag-china","12":"tag-climate-change","13":"tag-dollar","14":"tag-economy","15":"tag-hong-kong","16":"tag-hsbc-global-investment-summit","17":"tag-iran","18":"tag-janet-yellen","19":"tag-joe-biden","20":"tag-middle-east","21":"tag-russia","22":"tag-stablecoins","23":"tag-united-states","24":"tag-washington"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/586843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=586843"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/586843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/586844"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=586843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=586843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=586843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}