International Relations Economic Policy News

"Yellen and China's He to Discuss Global Concerns on Excess Industrial Capacity"

Secretary of the Treasury Janet Yellen announced new initiatives following her meeting with Vice Premier He Lifeng of China, including intensive exchanges on balanced growth in domestic and global economies to address macroeconomic imbalances and overcapacity concerns, as well as joint cooperation on anti-money laundering to combat illicit finance and financial crime. The initiatives aim to advance American economic interests, protect national security, and strengthen the economic relationship between the two countries.