Janet Yellen speaks on China economic relations with U.S.

“There is a world in which, as companies in the U.S. and China challenge each other, our economies can grow, standards of living can rise, and new innovations can bear fruit,” Yellen said, according to pre-released remarks. “But this type of healthy competition is only sustainable if it is fair to both sides.” Yellen said the world’s two largest economies can only compete through impartial rulemaking. Yellen stressed the importance of fairness between the U.S. and China, while outlining a three-tiered approach to economic relations between the nations during remarks at the Johns Hopkins University’s School of Advanced International Studies…