US and China plan talks on economic growth including manufacturing ‘overcapacity’ issue, Yellen says

By FATIMA HUSSEIN
Associated Press

GUANGZHOU, China (AP) — The U.S. and China agreed to hold talks that will address a key American complaint about China’s economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. This comes after Yellen appealed to Chinese leaders to change their domestic manufacturing policies. Yellen started her five-day visit in Guangzhou and has focused the trip on what the U.S. considers to be unfair Chinese trade practices. The official Xinhua News Agency wrote Saturday that “talking up ‘Chinese overcapacity’ in the clean energy sector also smacks of creating a pretext for rolling out more protectionist policies to shield U.S. companies.”