China Has Too Much at Stake in Industry Push to Listen to Yellen

News Snapshot:

(Bloomberg) -- Janet Yellen got a respectful hearing in China in recent days for her main message — that Beijing’s manufacturing drive is a threat to other economies. But the warmth of her reception likely won’t translate into the policy shifts she wants. At a press conference in the Chinese capital Monday, the US Treasury chief wrapped up her four-day trip echoing the theme she began it with: the global economy will be adversely impacted by ramped-up factory exports from China, which needs to put more effort into shoring up consumer demand at home. “It is a critical issue and...