US, China finance chiefs open talks with eye on curbing tensions

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US Treasury Secretary Janet Yellen opened talks Thursday with Chinese counterpart He Lifeng ahead of a key Asia-Pacific leaders' summit, seeking to limit tensions despite looming national security concerns.

US Treasury Secretary Janet Yellen said ahead of talks with her Chinese counterpart He Lifeng that Washington will protect its national security but aims to communicate clearly.

White House Press Secretary Karine Jean-Pierre said on October 31 that Washington hoped for a"constructive conversation in San Francisco" between the two presidents. He noted a recent US extension of semiconductor export control rules, alongside Chinese restrictions on graphite exports, among other issues.

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