US Treasury Secretary Janet Yellen and her Chinese counterpart on Thursday started two days of talks aimed at making progress on a slew of economic issues at a time when competition has markedly intensified between their countries.

"The United States has no desire to decouple from China," Yellen said in prepared remarks before the meeting in San Francisco.

The US and Chinese finance ministers open talks to lay the groundwork for a Biden-Xi meeting comes via ChinaTechNews.com.