Reported 7 months ago
U.S. Treasury Secretary Janet Yellen stressed the necessity of U.S. public investments attracting private capital for long-term sustainable and inclusive growth, while criticizing China's excessive state subsidies as unsustainable. She highlighted the Biden administration's investments in infrastructure, semiconductor, and clean energy, stating that a balance of public and private initiatives is needed. Yellen warned against heavy-handed government central planning and noted that tax cuts and deregulation alone do not drive overall growth and prosperity.
Source: YAHOO