“China is listening to US concerns in other areas,” US Treasury Secretary Janet Yellen said in a Reuters interview on Monday, adding that the US relationship with China is not “totally negative.”
Additional quotes
US wants to eliminate ‘undue dependence’ on China for rare earths, certain goods.
China has used coercion to pressure other countries in the past.
China has made some constructive moves on restructuring debt of low-income countries.
Market reaction
At the time of writing, AUD/USD is trading near-daily highs of 0.6839, adding 0.66% on the day.
