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US Treasury Secretary Janet Yellen has warned that companies, including those in China, that provide material support for Russia's war against Ukraine will face significant consequences.
The differing interpretations of de-risking by China and the United States highlight the profound unease with which they view the current state and trajectory of their economic relations.
Following the first meeting of the Economic Working Group, China and US has held the first meeting of the Financial Working Group on Wednesday, the latest move that the world’s two largest economies are making efforts to deliver outcomes by increasing pragmatic engagement, observers said, setting the stage for a possible summit meeting between the top leaders at the upcoming APEC meeting in California next month.
The U.S. Treasury Department on Friday said it was formally launching two new U.S.-China working groups on economic...
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