Yellen's Diplomatic Effort Seeks to Address US-China Economic Tensions

US Treasury Secretary Janet Yellen's visit to China aims to stabilize economic relations and address concerns over China's manufacturing overcapacity.

US Treasury Secretary Janet Yellen's visit to China focuses on stabilizing economic relations and addressing concerns over manufacturing overcapacity.
Yellen emphasizes the need for 'tough conversations' and direct communication to manage the complex US-China relationship.
China and the US agree to hold talks on 'balanced economic growth' amid concerns over China's excess manufacturing capacity.
Yellen warns of 'significant consequences' for Chinese firms supporting Russia's war against Ukraine, highlighting the importance of responsibly managing the bilateral relationship.
Despite tensions, both countries show a willingness to cooperate on global challenges, such as climate change and economic stability.