Finance MinisteryellenSaid today,bidenPresident and President of ChinaXi JinpingFollowing the meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) held in San Francisco last week, the two sides are still at odds over the issue of Taiwan’s status.
Janet Yellen said in an interview with the financial media CNBC program Squawk Box: “President Xi expressed the view that the reunification of Taiwan and China is very important. Of course, she hoped to achieve this goal through peaceful means.”
He also noted: “But President Joe Biden said our policy toward Taiwan has always been unchanged.”
Hours after meeting Xi Jinping, Biden said at a press conference: “We maintain the consensus of the one-China policy, and I will not change it. It will not change.”
CNBC reported that the United States recognizes the People’s Republic of China as the sole legal government of China, but also insists that Taiwan is an autonomous territory, even though Beijing claims Taiwan is part of China.
The standoff between Biden and Xi over the issue could have military implications, even as the two men met last week, with Xi Jinping insisting he does not want a military conflict.
Taiwanese government officials have reported that China has continued to expand its military operations around Taiwan in recent months. Officials worry that China’s military activities around Taiwan could lead to unexpected clashes and large-scale conflict.
US military officials have warned that China could be ready to attack Taiwan by 2027. He also criticized the United States for not providing enough military aid to Taiwan to deter China.
Biden recently proposed a $105 billion budget to Congress, primarily providing aid to Ukraine and Israel for their respective wars. It also includes $2 billion for security measures in Taiwan and the broader Indo-Pacific region.
Yellen said today that this budget bill is “vital to the national security of the United States.”
Video Source: YouTube CNBC Television