Yellen Starts China Tour With Warning on Factory ‘Overcapacity’
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Janet Yellen, Treasury Secretary, chided China for 'unfair' treatment of American and other foreign companies and warned that its factories risk producing more than the world can easily absorb. Yellen made these remarks during a four-day visit to China, where she intends to raise these issues in meetings. She specifically mentioned China's 'unfair economic practices' and 'coercive actions against American companies', including imposing barriers to access for foreign firms.
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