U.S. Treasury Secretary Janet Yellen has begun her Beijing visit with raising concerns over China's "unfair economic practices."
Speaking at a roundtable discussion with U.S. businesses operating in the Communist nation, Yellen said that during meetings with her counterparts, she will be communicating the concerns expressed by the U.S. business community including China's use of non-market tools like expanded subsidies for its state-owned enterprises and domestic firms, as well as barriers to market access for foreign firms. "I've been particularly troubled by punitive actions that have been taken against U.S. firms in recent months."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.