GUANGZHOU, China — Treasury Secretary Janet Yellen told U.S. executives in southern China on Friday that it's neither "practical nor desirable" to cut off economic relations with the country — even as the Biden administration is moving to contain huge business threats from China.
Why it matters: Yellen is aiming to strike a balance between calling out China for "unfair practices" she said were hurting American firms — while highlighting the importance of maintaining U.S.-China economic ties.
