Cybersecurity Tensions: Yellen Raises Concerns with China's He Lifeng

U.S. Treasury Secretary Janet Yellen expressed worries over cyber threats by Chinese state actors during a virtual meeting with Chinese Vice Premier He Lifeng. The discussion also covered China's economic policies and industrial overcapacity, alongside recent reports of cybersecurity breaches involving U.S. government computers.

In a significant meeting on Monday, U.S. Treasury Secretary Janet Yellen addressed cybersecurity concerns with Chinese Vice Premier He Lifeng. She highlighted allegations of malicious activities by state-backed Chinese hackers.

This follows a recent report from the Treasury Department revealing that several of its computers were compromised due to a breach at cybersecurity firm BeyondTrust.

Beyond cybersecurity, Yellen took the opportunity to discuss economic issues, critiquing China's non-market practices and industrial overcapacity, concerns that have been longstanding between the two nations.