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US Treasury Secretary Yellen and Chinese Vice Premier Hold Bilateral Meeting

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Bilateral Meeting Notizia

US Treasury Secretary,Chinese Vice Premier,Economic Topics

US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng hold over four hours worth of meetings on a range of economic topics, with US concerns about China's growing exports of electric vehicles, solar panels, and other goods. They agree to launch exchanges on balanced growth in domestic and global economies.

This is AI generated summarization, which may have errors. For context, always refer to the full article.

After two days of economic talks in China’s southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems. Chinese state media pushed back on her excess capacity arguments, calling them a “pretext” for protectionist US policies.

Citing China’s overproduction of electric vehicles, solar panels, semiconductors, and other goods that are flooding into global markets in the face of a demand slump in China’s domestic market, Yellen said this was not healthy for China and was hurting producers in other countries.

 

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