Chinese Women Economists Who Met US Treasury Secretary Called Traitors

A group of Chinese female economists and entrepreneurs who dined with Treasury Secretary Janet Yellen have been blasted by online nationalists for betraying their country by interacting with the US official.

While the Treasury department skipped identifying attendees from the meeting on Saturday, a group photograph of the gathering posted to China's Twitter-like Weibo was used to identify some participants. It was not clear who first shared the image online.

"There's no such thing as a free meal," wrote Shen Yi, a professor in international politics at Fudan University, who has over two million followers on the platform. "They'll need deliver KPIs in exchange," he added, using the acronym for key performance indicators, implying the women would have to give something to the US government. 

The criticism mostly targeted two women who posted about their experience on social media: Liu Qian, the Economist Group's managing director for Greater China, and author Hao Jingfang, who previously worked for the China Development Research Foundation, which is managed by a branch of the State Council.  

An absolute honor to dine with @SecYellen during her visit to Beijing, with local young female economists. Have admired her work for long, on labor and macro, academia and policy. She is highly intellectual and incredibly gracious--an inspirational role model. pic.twitter.com/meVo7k0Bs7

— Qian Liu (@QianLiuChina) July 8, 2023

In a now-deleted exchange, one Weibo user asked Hao, whose award-winning novel Folding Beijing is widely considered to be about income inequality in the capital, why she attended the dinner. Hao replied: "Because Yellen is the friendliest American official, she's always dedicated to developing friendly China-US relations."

Several users accused Hao of being an "American spy," while a post that garnered some 600 comments criticized the elite status of the women selected, saying "they have not worked in factories."

Yellen's exchange with women economists and entrepreneurs telegraphed the importance she places on female representation in elite decision-making. During her four-day trip to Beijing to stabilize ties with America's biggest rival, the Chinese government exclusively put forward male officials to meet the first woman to run the US Treasury, according to publicly available information. 

"I see it all the time when I'm almost the only woman in the room," Yellen told the women. "I'm sure many of you have that same experience at decision-making tables."

President Xi Jinping excluded women from China's top leadership at last year's congress for the first time in 25 years. Furthermore, as China struggles with a record low birth rate, women are being encouraged to take on more traditional care-giving roles. 

"Attackers routinely disparage their coverage of China and make crude sexual innuendos, including alarming threats of physical violence," the Foreign Correspondents' Club of China wrote in a report last year on the issue. 

"Women's participation in the workforce is one of the major drivers of creating inclusive growth," the Treasury said in a statement after Yellen's meeting. "Women's contributions to economics, in particular, are important to help ensure that economic research and policymaking appropriately reflect society's priorities."

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