Yellen, China’s He Agree to Talks Aimed at ‘Balanced Growth’
- New process will address US claims on China overcapacity
- US, China officials also agree to combat money laundering
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US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng agreed to set in motion formal talks aimed at addressing what the US and other countries see as China’s growing industrial overcapacity.
Following two days of meetings in the southern Chinese city of Guangzhou, the two sides cast the initiative as a way to hold “intensive exchanges on balanced growth in the domestic and global economies.”