U.S. Treasury Secretary Janet Yellen has warned China to end "unfair economic practices" during her visit to Beijing. Yellen expressed concern over punitive actions taken against U.S. firms by the Chinese government and defended targeted actions taken by the U.S., citing national security reasons. Despite tensions, U.S.-China trade reached an all-time high of $700 billion in 2022. Yellen emphasized the importance of economic ties between the two countries and the need to protect them. China's Finance Ministry called for concrete actions to improve economic and trade ties, while Chinese Premier Li Qiang expressed optimism for future relations.

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