The world is big enough for US and China, Yellen says as she concludes Beijing trip | CNN Business

She said she had “direct, substantive, and productive” talks with China’s new economic leadership, including Premier Li Qiang and Pan Gongsheng, the newly appointed Communist Party chief of China’s central bank. “Broadly speaking, I believe that my bilateral meetings -— which totaled about 10 hours over two days — served as a step forward in our effort to put the US-China relationship on surer footing,” Yellen said. “No one visit will solve our challenges overnight.

In recent months, while pushing to resume high-level diplomatic talks, the US has imposed sanctions on Chinese companies, pushed allies in Japan and the Netherlands to restrict sales of advanced semiconductors to China and rallied other advanced economies to counter Beijing’s “economic coercion.

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