"Yellen to Host China's Top Economic Official as Biden-Xi Talks Approach"
US Treasury Secretary Janet Yellen will meet with Chinese Vice Premier He Lifeng to discuss the bilateral relationship between the two largest economies and other global issues. The meeting sets the stage for a potential high-stakes meeting between US President Joe Biden and Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation forum in San Francisco. The talks come as US-China relations have improved in recent months, with both sides seeking to shore up diplomatic ties and cooperation on economic issues. The flurry of diplomatic activity appears to have helped stabilize ties, although tensions remain. Yellen has outlined three principles guiding the US relationship with China, emphasizing the importance of national security, a fair economic relationship, and cooperation on global issues. The Treasury Department is working on guidelines to implement restrictions on US investment in China's AI, quantum computing, and semiconductor industries, while China is implementing stimulus measures to boost its economy.