US-China officials meet on economy

US Treasury Secretary Janet Yellen met Wednesday with her Chinese counterpart, Vice Premier Liu He on Wednesday.

Yellen’s first face-to-face meeting with Liu was the highest-ranking contact between the two countries since their presidents agreed last November to look for areas of potential cooperation. Liu said he was ready to work together to seek common ground between China and the US. Yellen said the two countries “have a responsibility to manage differences and prevent competition from becoming anything even near conflict."