China’s overcapacity is all but certain to be the main point of contention in coming talks with Janet Yellen, as the US Treasury secretary has begun her trip with strong words on the subject.
Lack of detail on a crucial economic policy meeting, along with other messaging that indicates emphasis on political cohesion, suggests growth and recovery are still not top of mind for China’s leadership.
Ministry of Commerce’s head of foreign investment says ‘short-term fluctuations’ will not make investors less sure about China’s development, but foreign business chambers flag concerns.