Yellen: U.S., China want better communication, not private sector decoupling

SAN FRANCISCO -- The U.S. and China do not want private sector decoupling and are committed to boosting their economic relationship, Treasury Secretary Janet Yellen said here on Friday following her meetings with Chinese Vice Premier He Lifeng, emphasizing that communication between the countries is key to avoid misinformation affecting firms’ decisions. Despite concerns raised by analysts and some in the private sector that the U.S.’ goal is to decouple from Beijing, the Biden administration has been adamant that it...