Yellen: It’s ‘neither practical nor desirable’ to cut off economic relations with China

News Snapshot:

U.S. Treasury Secretary Janet Yellen kicked off a five-day trip to China on a geopolitical tightrope: Affirming economic ties between the two countries while calling out concerns regarding unfair business practices and excess production of cheap goods. “A full economic separation is neither practical nor desirable,” Yellen said Friday during remarks at an American Chamber of Commerce event in Guangzhou. “President Biden and I firmly reject the idea that the United States should decouple from China.” But she also voiced “concerns about the business environment in China and the ability of American firms to compete on a level playing field.”...