Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi

U.S. Treasury Secretary Janet Yellen said Friday that she and her Chinese counterpart agreed to work toward a 'healthy economic relationship,' during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping.

Biden and Xi will meet Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, the first engagement in a year between the leaders of the world's two biggest economies.Their finance chiefs held talks in San Francisco this week with the aim of making progress on a slew of economic and trade issues at a time when competition has markedly intensified between their countries.

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