US Treasury Secretary Yellen launches contentious meetings on Chinese excess production threat

News Snapshot:

In the face of weak domestic demand, Yellen and other Biden administration officials are becoming more and more concerned about China’s excess manufacturing of solar panels, semiconductors, electric cars, and other products that are flooding international markets On Friday, US Treasury Secretary Janet Yellen will begin a four-day meeting with top Chinese officials. The discussions are anticipated to centre mostly on the effects of China’s surplus manufacturing capacity and the increasingly difficult business environment for US companies. In an effort to further US-China economic relations, Yellen will meet with Vice Premier He Lifeng and Governor Wang Weizhong of Guangdong Province....