US Treasury's Yellen, Chinese Vice Premier Hold Diplomatic Talks in San Francisco to Improve Relations

US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng engaged in diplomatic talks in San Francisco, aiming to improve relations between the two countries. Yellen emphasized the need for open and substantive discussions and expressed concern over Chinese firms aiding Russia's defense sector, warning of 'significant consequences'. Both sides agreed to intensify communication and try to speed debt-relief progress. Yellen also highlighted the importance of a healthy economic relationship and acknowledged significant risks to the global economy. Additionally, she plans to visit China next year, as announced by the Treasury. The talks covered various economic and geopolitical issues, including currency risks and the flow of equipment to Russia.