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

News Snapshot:

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. The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a U.S. statement about the creation of the groups. Yellen, who started her five-day visit in one of China’s major industrial and export hubs, has focused thus far on what the U.S. considers to...