Yellen: US-China Relations Better After Dangerous Period

The transcript discusses the US strategy towards China, focusing on de-risking and national security without harming China's economic development. It highlights the importance of communication, especially after the Biden-Xi meeting, and the formation of working groups to address economic and financial matters. The goal is to maintain healthy competition and cooperation on global issues.

What is the primary focus of the US strategy towards China as discussed in the first section?

• Decoupling from China completely

• Ignoring national security concerns

• De-risking and diversifying

• Increasing dependency on China

Which global issues are highlighted as areas for US-China collaboration in the second section?

• Space exploration and technology

• Cultural exchange programs

• Debt relief and climate change

• Military alliances and defense

What was a significant outcome of the meeting between President Biden and President Xi in Bali?

• Increased military cooperation

• Recognition of the need for more communication

• A decision to decouple economies

• A new trade agreement was signed

What is the purpose of the working groups formed between the US and China?

• To increase military presence

• To address economic and financial matters

• To promote cultural exchanges

• To develop new technology

How do the working groups help in managing US-China relations?

• By reducing economic competition

• By focusing solely on trade agreements

• By providing channels for communication to resolve issues

• By eliminating all disagreements