GUANGZHOU, China - The United States and China have agreed to hold "intensive exchanges on balanced growth", the US Treasury Department said in a statement, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.The planned talks mark the latest step forward in joint efforts to stabilise rocky ties between the world's two leading economies since a meeting between presidents Joe Biden and Xi Jinping last November.
This visit to China -- her second in the past year -- comes as Washington and Beijing feud over everything from access to advanced technology, the self-ruled island of Taiwan and video app TikTok.The US treasury secretary also warned Saturday of "significant consequences" if Chinese firms aid Russia, whose February 2022 invasion of Ukraine has not been condemned by Beijing.
Economy
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