Tag: excess manufacturing capacity
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U.S. and China to Launch Talks on Balanced Growth, Yellen Announces
U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng have agreed to initiate discussions aimed at achieving balanced economic growth. This move comes in response to U.S. concerns regarding China’s excess manufacturing capacity, particularly in industries such as electric vehicles and solar panels. The two officials also agreed to establish a forum for ...