Yellen in China to talk trade, dumping of goods; demand level playing field

TREASURY Secretary Janet Yellen arrived in China on Thursday for five days of meetings in a nation determined to avoid open conflict with the US, yet the world's two largest economies still appear to be hashing out the rules on how to compete against each other.

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There are tensions over Chinese government support for the manufacturing of electric vehicles and solar panels, just as the US government ramps up its own aid for those technology sectors.

There are differences in trade, ownership of TikTok, access to computer chips and national security, all of them a risk to what has become a carefully managed relationship.