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Yellen Addresses Overcapacity Issues with Chinese Officials

Treasury Secretary Janet Yellen emphasizes the importance of addressing overcapacity and ensuring a level playing field during her visit to China.

Janet Yellen, US Treasury secretary, prior to a meeting with He Lifeng, China's vice premier, not pictured, in San Francisco, California, US, on Friday, Nov. 10, 2023. The engagement between the top US and China economic officials this week marks the next step in a series of talks that have sought to improve testy ties between the world's two largest economies.
Chinese vice-minister of Finance Liao Min and US ambassador to China Nicholas Burns (right) receive US Treasury Secretary Janet Yellen upon her arrival in Guangzhou on Thursday. Photo: AFP
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Overview

  • Treasury Secretary Janet Yellen discusses overcapacity and national security-related economic actions with Chinese officials.
  • Yellen highlights the need for a healthy economic relationship, citing concerns over China's industrial overcapacity.
  • During her visit, Yellen meets with business leaders and officials to address challenges and opportunities in China's economy.
  • Chinese media focuses on Yellen's chopstick skills and dining choices, casting her visit in a positive light.
  • Yellen's trip aims to tackle contentious issues such as overcapacity, unfair trade practices, and the impact on global markets.