Yellen calls for level playing field for US workers and firms during China visit

By FATIMA HUSSEIN and KEN MORITSUGU
Associated Press

GUANGZHOU, China (AP) — The U.S. treasury secretary has called for a level playing field for American companies and workers as she opened a five-day visit to China in a major industrial and export hub. Janet Yellen told Vice Premier He Lifeng and the governor of Guangdong province on Friday that the U.S. and others are concerned about spillovers from industrial overcapacity in China. She also met with U.S. business leaders. Yellen has telegraphed that she will raise in her talks what the U.S. considers unfair Chinese trade practices. China has pushed back against concerns about manufacturing overcapacity and other trade-related issues expressed by both the U.S. and Europe.