"US and China to Address Overcapacity in Economic Talks, Yellen Announces"
TL;DR Summary
The US and China have agreed to hold talks addressing American concerns about China's economic model, including manufacturing overcapacity, during Treasury Secretary Janet Yellen's visit to China. The talks will focus on achieving more balanced economic growth and combating money laundering, with both sides expressing concerns and seeking to find a way forward to avoid conflict. Yellen also mentioned the possibility of tariffs in response to China's heavily subsidized manufacturing of green energy products, as the US aims to boost its domestic manufacturing capabilities and compete with China.
- US and China plan talks on economics, including manufacturing 'overcapacity' issue, Yellen says The Associated Press
- US, China to start new talks on balanced growth amid overcapacity concerns, Yellen says Reuters
- New US-China talks to tackle 'overcapacity', Treasury chief Yellen says after day 2 of meetings with Vice-Premier He South China Morning Post
- U.S. criticism of Chinese overcapacity rehashes 'China threat' rhetoric, state media says CNBC
- US and China plan talks on economics, Yellen says WYFF4 Greenville
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