Yellen Says China’s Support for Industries Poses Global ‘Risk’
This article is for subscribers only.
US Treasury Secretary Janet Yellen said she told her Chinese counterpart that Beijing’s heavy financial support for certain industries could pose a threat to other nations, as trade tensions simmer between the world’s largest economies.
Speaking at a press conference in San Francisco on Monday following a day of meetings between finance ministers from across the Pacific Rim, Yellen said she discussed “issues of oversupply” with her Chinese counterpart Vice Premier He Lifeng.