Yellen's China Visit Focuses on Trade, Overcapacity, and Financial Cooperation
Discussions aimed at addressing unfair trade practices and ensuring global economic stability, amid criticisms of political motivations.
- U.S. Treasury Secretary Janet Yellen concludes her visit to China, addressing trade practices, overcapacity, and financial cooperation.
- Yellen's discussions in China include tackling unfair trade practices, money laundering, and TikTok concerns.
- China and the U.S. agree to conduct financial stability exercises and address economic growth balance.
- Critics argue that U.S. concerns over Chinese overcapacity in EVs and solar panels are more political than economic.
- U.S. and Chinese officials emphasize the need for cooperation to prevent financial crises and ensure global economic stability.
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