China urges ‘practical’ U.S. action on sanctions after Yellen talks

• China on Monday called on the U.S. to take “practical action” in response to its “major concerns” about sanctions on Chinese firms, after U.S. Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing.
• Before departing on Sunday, Yellen told reporters that she and her Chinese counterparts had “aired significant disagreements” in their meetings, a sentiment reflected in a readout from China’s finance ministry on Monday morning.
• China “requires” the U.S. to “cease the suppression of Chinese enterprises, lift bans on Xinjiang-related products, and take concrete steps to respond to China’s major concerns in economic relations between the two countries,” the ministry wrote.

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