Yellen criticises China over ‘coercive’ moves against US firms

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China wants to “create a favourable environment for businesses and will deliver benefits to our two countries and our two peoples,” Vice Premier He Lifeng, China’s economic policy czar, said before kicking off a series of meetings with Yellen. The pair, who also held talks during November’s Biden-Xi summit, were scheduled to attend a dinner on Friday followed by an evening boat excursion on the Pearl River. Renewed focus on reform Yellen highlighted former leader Deng Xiaoping’s 1992 visit to Guangzhou — a manufacturing and export powerhouse — as an important milestone in China’s transformation toward becoming a market economy,...