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Janet Yellen voices concern about EV overproduction to China's vice premier

U.S. Treasury Secretary Janet Yellen tells China's Vice Premier He Lifeng that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. ....

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US treasury secretary is in China to talk trade, anti-money laundering and Chinese 'overproduction' – Sentinel and Enterprise

Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that's determined to avoid open conflict with the United States. Yet the world’s two largest economies still appear to be hashing out the rules on how to compete against each other. There are tensions over Chinese government support for the manufacturing of electric vehicles and solar panels, just as the U.S. government ramps up its own aid for those tech sectors. There are also differences on trade, ownership of TikTok, access to computer chips and national security. Yellen says the U.S. needs “a level playing field.” ....

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US Treasury Secretary Heads to China for Trade Talks and Anti-Money Laundering Discussions

US Treasury Secretary Heads to China for Trade Talks and Anti-Money Laundering Discussions
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