US Treasury Sec. Yellen: Discussions were were “direct” and “productive” with Chinese officials

Following 10 hours of bilateral meetings with senior Chinese officials on Saturday, US Treasury Secretary anet Yellen said that discussions were “direct” and “productive”, which will stabilize the rocky US=Sino relationship.

Key quotes

“The U.S. and China have significant disagreements.”

China’s “unfair economic practices” and recent punitive actions against US firms.

“But President (Joe) Biden and I do not see the relationship between the US and China through the frame of great power conflict. We believe that the world is big enough for both of our countries to thrive.”

“I do think we’ve made some progress and I think we can have a healthy economic relationship that benefits both of us and the world.”

• AUD/USD kicks off the week on the front foot near 0.6700, China’s inflation eyed