Yellen Calls for US-Europe to Cooperate on China

The transcript discusses the importance of engaging with China on shared economic interests, highlighting areas such as trade, investment, and climate policies. It emphasizes the need for cooperation rather than unilateral actions, as seen in the Biden administration's approach. The goal is to encourage China to adopt fair practices, ensuring a level playing field for global competition and cooperation.

What is the main focus of the first section regarding China's economic practices?

• Encouraging China to adopt unilateral actions

• Promoting individual engagement with China

• Addressing shared concerns about China's economic practices

• Ignoring China's impact on global trade

According to the second section, what approach does the Biden administration favor?

• Cooperative strategies

• Unilateral actions

• Economic isolation

• Ignoring China's practices

What is the expected outcome of encouraging China to drop objectionable practices?

• More unilateral actions

• A level playing field for competition

• Reduced global cooperation

• Increased economic isolation

What is the benefit of competing with China on a fair basis, as mentioned in the final section?

• It will harm global businesses

• It will reduce global cooperation

• It will benefit businesses and consumers

• It will lead to economic isolation

Why is global cooperation necessary according to the final section?

• To reduce trade and investment

• To promote unilateral actions

• To address critical global issues

• To isolate China economically