Yellen To Li-US Seeks Healthy Competition, Not Winner-Take-All

(MNI) London-Wires carrying comments from the meeting in Beijing between Chinese Premier Li Qiang and US Treasury Secretary Janet Yellen. Yellen states that the "US seeks healthy competition that isn't [a] winner-take-all approach...[a] fair set of rules can benefit US & China over time". Adds that the she hopes the visit "can create more regular competition" between the two sides. "US and China should not allow disagreements to lead to misunderstandings."

• Full text of remarks here: https://home.treasury.gov/news/press-releases/jy1590
• Yellen: "the United States does not seek a wholesale separation of our economies. We seek to diversify, not to decouple.... actions we take to protect our national security are designed to be narrowly targeted – and that they are premised on straightforward national security considerations and not undertaken to gain economic advantage over China."
• The Treasury Secretary is walking a fine line on the trip. She is both seeking to continue a mild thaw in relations that started with Secretary of State Anthony Blinken's visit to Beijing in June, while also offering a robust defence of US industry in the face of what critics have said is harsh treatment of foreign firms in China.