Yellen appeals for healthy competition

TREASURY Secretary Janet Yellen appealed to China’s No. 2 leader not to let frustration over US curbs on access to processor chips and other technology disrupt economic cooperation during a visit on Friday.

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Meeting with Premier Li Qiang, Yellen said Washington and Beijing have a duty to cooperate on issues that affect the world. She appealed for “regular channels of communication” at a time when relations are at their lowest in decades due to disputes over technology, security and other irritants.