The Secret Yellen Statement to the Chinese

Yellen took a hard stance against the idea of decoupling, something we've spoken about in this show before. She was quick to clarify that diversifying supply chains wouldn't matter as to key industries such as national defense. I think the overall purpose of the visit is to figure out a new economic team with the CCP so that both sides will have some kind of workable relationship. The secret Yellen did not yield on targeting China's technological import from the United States.