US, China Economic Chiefs Hold ‘Candid and Substantive’ Talks

US, China Economic Chiefs Hold ‘Candid and Substantive’ Talks
Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on President Joe Biden's 2023 budget on Capitol Hill on June 7, 2022. Evelyn Hockstein/Reuters
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U.S. Treasury Secretary Janet Yellen had a “candid and substantive” virtual dialogue with Chinese Vice Premier Liu He, the Treasury Department said.

During a video call on July 5, Yellen “frankly raised issues of concern including the impact of Russia’s war against Ukraine on the global economy and unfair, non-market” economic practices by the Chinese regime, according to a brief readout of the meeting.