Yellen-He meeting readout: US seeks healthy economic relationship with China ...Middle East

Had candid, direct and productive discussionsEmphasized that the US seeks a healthy economic relationship that benefits both countries over timeEmphasized importance that both countries responsibly manage bilateral relationshipAgreed to intensify communication to work together on shared challenges, including growth, financial stability and regulatory issuesYellen plans to visit China next yearExpressed concern about China's controls on graphite, and other critical mineralsI think one of the reasons that US stocks are doing so well today is optimism about the Xi-Biden meetings next week but you don't see any of the same enthusiasm in Chinese ADRs so that thinking might be misplaced.

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