The United States and China agreed on Friday that they would not seek to “decouple” their economies and pledged to take steps to improve the business climates for American and Chinese companies operating in both countries, a significant step toward thawing relations between the world’s largest economies.
Treasury Secretary Janet L. Yellen said after two days of meetings with Vice Premier He Lifeng in San Francisco that they had concluded they should strive for a “healthy economic relationship” and try to work more constructively together.
“We do not seek to decouple our economy from China’s,” Ms. Yellen said. “This would be damaging to both the U.S. and China and destabilizing for the world.”
She and Mr. He met at a delicate moment for the world economy, which is grappling with sluggish growth and wars in Ukraine and the Middle East. While economic strength in the…
