
US Treasury Secretary Janet Yellen embarked on a 5-day diplomatic mission to Guangzhou, China, from April 4 to 9, aiming to address concerns over the country's industrial overcapacity, particularly in the clean energy sector. During her visit, Yellen engaged in discussions with Chinese officials, including Vice Premier He Lifeng, emphasizing the importance of a level economic playing field and urging China to reduce its excess production capacity. Yellen's trip, marked by meetings with senior economic policymakers and business leaders, focused on stabilizing ties with China while pressing on issues that loom over the global economy. The visit also included talks on economic growth and the potential for future US-China cooperation, despite the challenges posed by differing economic models and trade practices.

















































































YELLEN: CHINESE HAVE TOOLS TO ADDRESS OVERCAPACITY
🔴U.S. Treasury Secretary Janet Yellen holds a news conference in Beijing, said the U.S. sees China's need for shifting industrial policies, and expressed weak household consumption. Source: AP Live https://t.co/5yehPxqXKn https://t.co/HOLdlESjtx
🔴 US TREASURY SECRETARY YELLEN: THE US AND CHINA'S RELATIONSHIP IS ON STRONGER FOOTING THAN LAST YEAR.