China urges U.S. to act to improve bilateral ties as Yellen visits

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China hopes that the United States will take concrete actions to create a favorable environment for economic and trade relations between the two countries, said the Ministry of Finance on Friday amid U.S. Treasury Secretary Janet Yellen's visit to Beijing.

China-U.S. economic and trade relations are mutually beneficial in nature, and there will be no winners in trade wars or "decoupling and breaking the chain," the ministry added.