US, China need ‘tough’ conversations, Yellen tells Li

News Snapshot:

Ms Yellen has made the threat of China’s excess production of electric vehicles, solar panels and other clean energy products to producers in the US and other countries a focus of her second visit to China in nine months. She visited Beijing last July to try to normalise bilateral economic relations after a period of heightened tension caused by differences over issues ranging from Taiwan to COVID-19’s origins, and trade disputes. In a further sign of the ties stabilising, US President Joe Biden and Chinese President Xi Jinping sought to manage tensions over the South China Sea in a nearly...