overcapacity

Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms

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U.S. Treasury Secretary Janet Yellen arrives at Guangzhou Baiyun International Airport, in Guangzhou, Guangdong province, China April 4, 2024.  Tingshu Wang | Reuters BEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms. Yellen arrived in … Read more

US and China plan talks on economics, including manufacturing ‘overcapacity’ issue, Yellen says

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GUANGZHOU, China — The U.S. and China agreed to hold talks that will address a key American complaint about China’s economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. The two sides will hold more talks and create two new economic groups dedicated to growth in domestic … Read more