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

<ul><li>Had candid, direct and productive discussions</li><li>Emphasized that the US seeks a healthy economic relationship that benefits both countries over time</li><li>Emphasized importance that both countries responsibly manage bilateral relationship</li><li>Agreed to intensify communication to work together on shared challenges, including growth, financial stability and regulatory issues</li><li>Yellen plans to visit China next year</li><li>Expressed concern about China's controls on graphite, and other critical minerals</li></ul><p>I 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.</p>

This article was written by Adam Button at www.forexlive.com.