US Officials Head to China for Talks Amid Overcapacity Concerns
- Economic Working Group to meet in Beijing Sept. 19-20
- US will raise concerns over China’s macroeconomic imbalances
He Lifeng and Janet Yellen in San Francisco, California, in 2023.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Senior US and Chinese economic officials will meet for discussions in Beijing this week as the Biden administration seeks to — once again — make its case for Beijing to avoid roiling the rest of the world with an industrial policy that’s stoked manufacturing exports.
During the talks of the so-called Economic Working Group, due to take place Sept. 19-20, the Treasury will lay out its concerns about China’s economic trajectory, especially its macroeconomic imbalances and industrial overcapacity, an official from the department said.