BEIJING: Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Friday (Jul 7) that the United States is not seeking 'winner-take-all' competition, in a visit to Beijing packed with talks aimed at stabilising fraught ties.
is her first to China as Treasury chief, and she is the second high-ranking US official to visit recently after Secretary of State Antony Blinken last month.
The US has blacklisted a number of Chinese companies to prevent them from accessing the most advanced chips while pushing its allies to follow suit. Yellen has stressed during her visit that Washington was not seeking a"wholesale separation of our economies". The Treasury secretary Friday told American businesspeople Washington was"concerned" about the curbs.Beijing has struck an optimistic tone about the visit despite the tensions, with China's finance ministry saying on Friday that it would serve to"strengthen communication and exchange between the two countries".
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