China would face 'consequences' if it helps Russia war against Ukraine, White House says

China would face "consequences" if it helps Russia in its war against Ukraine, White House press secretary Jen Psaki told reporters on Monday. The Biden administration's warning came following a meeting between National Security Adviser Jake Sullivan and Yang Jiechi, a member of China's Politburo, in Rome. Psaki did not detail potential consequences. A White House statement said Sullivan in the meeting "raised a range of issues in U.S.-China relations, with substantial discussion of Russia's war against Ukraine."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.