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

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."…