Yellen says exchanges with Chinese officials have advanced US interests

Updates from Yellen regarding her current visit to China:

• US
  will not accept new industries being decimated by chinese imports as steel
  sector was a decade ago
• Exchanges
  with chinese officials have advanced american interests
• Particularly
  worried that weak chinese household consumption and business over investment
  will put workers at risk in US and other countries
• Reinforced
  that banks facilitating transactions to channel chinese goods to russian
  military face sanctions
• Exchanges
  during this trip provide dedicated structure to raise industrial capacity
  concerns
• US and china agree to hold additional financial technical exercises on operational
  resilience, insurance climate risks

This article was written by Arno V Venter at www.forexlive.com.