Yellen criticizes China’s ‘punitive’ actions against U.S. companies, urges market reforms

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The U.S. is seeking healthy competition with China based on fair rules that benefit both countries, Yellen told Chinese Premier Li Qiang

called on Friday for market reforms in China and criticized the world’s second-largest economy for its recent harsh actions against U.S. companies and new export controls on some critical minerals.

“We seek healthy economic competition that is not winner-take-all but that, with a fair set of rules, can benefit both countries over time,” she said. Li told Yellen a rainbow that appeared as her plane landed from Washington on Thursday offered hope for the future of U.S.-China ties. “I think if there was another year of no visits by top U.S. government leaders, the market would get colder,” he added.and Xi as soon as September’s Group of 20 Summit in New Delhi or the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.

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