China pushes back on Yellen's excess capacity stance as meetings run long

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China pushes back on U.S. Treasury Secretary Janet Yellen's call to rein in excess production capacity for clean energy goods, calling it a "pretext" for protectionist U.S. policies. Yellen, Chinese Vice Premier He Lifeng, and their teams resumed meetings on a range of economic topics. Yellen expressed concerns over the global economic fallout from China's excess manufacturing capacity, citing overproduction of electric vehicles, solar panels, semiconductors, and other goods. China's state news agency Xinhua accused the U.S. of fear-mongering and protectionism. Yellen is expected to speak with reporters after the meetings.

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