Yellen blasts ‘coercive’ China moves on US firms, urges reforms

News Snapshot:

(Bloomberg) — Treasury Secretary Janet Yellen chided China’s government for “unfair” treatment of American and other foreign companies, and called on Beijing to return to the pro-market reforms of the past, at the start of her four-day visit to the country. Most Read from Bloomberg China has pursued “unfair economic practices, including imposing barriers to access for foreign firms and taking coercive actions against American companies,” Yellen said Friday in the southern city of Guangzhou. “I intend to raise these issues in meetings this week.” She also said China’s factories risk producing more than the world can easily absorb. Treasury...