U.S. Treasury Secretary Janet Yellen described her recent meetings with Chinese officials as "direct, substantive and productive" and a step forward in improving relations between the two countries. Yellen emphasized the need for clear communication and disagreed with the idea of a great power conflict between the U.S. and China. She also assured Chinese counterparts that any curbs on U.S. outbound investments would be transparent and narrowly targeted. Yellen's visit comes amid efforts to stabilize U.S.-China ties and could potentially pave the way for a meeting between President Joe Biden and Chinese President Xi Jinping later this year.

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