Yellen Says US Doesn’t Want ‘Winner Take All’ Fight With China
- US Treasury chief made comments to Chinese Premier Li Qiang
- Visit comes as China imposes controls on exports of key metals
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US Treasury Secretary Janet Yellen said competition between the world’s biggest economies is not a “winner-take-all” situation, and called for both sides to manage their rivalry with a fair set of rules.
Yellen’s comments were delivered Friday during a meeting with Chinese Premier Li Qiang as she made a long-anticipated trip to Beijing, aimed at finding some common ground between the two superpowers sparring on everything from trade to Taiwan’s security.