07-04-2024 22:09 via foxbusiness.com

Yellen says 'tough conversations' needed on China's overproduction

Treasury Secretary Janet Yellen said Sunday during her trip to Beijing that the U.S. and China have a "duty" to manage the complex relationship between the countries responsibly and raised concerns about the impact of Chinese firms' overproduction in several key industries.Yellen met with Chinese Premier Li Qiang, the number two official in the Chinese Communist Party (CCP) behind General Secretary Xi Jinping, for 80 minutes in Beijing on Sunday and Li said the U.S. and China should be partners
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