Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms
2024-04-05 11:28:15 source：CNBC
April 4, 2024
BEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms.
Yellen arrived in the southern Chinese city of Guangzhou late on Thursday and is set to travel to Beijing on Saturday, where she will stay until Tuesday. It is her second trip to China as Treasury secretary.
It “remains crucial” to “closely communicate on issues of concern such as overcapacity and national security-related economic actions. It is what the world and our citizens expect of us,” Yellen said in prepared remarks for her meeting with Vice Premier He Lifeng on Friday. He is also director of the office of the Central Commission for Financial and Economic Affairs.
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