US, China to launch exchanges on balanced growth, money laundering, Yellen says
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US Treasury Secretary Janet Yellen and Chinese Vice Premier Hi Lifeng have agreed to launch exchanges on balanced growth in domestic and global economies. The exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and Yellen intends to advocate for a level playing field for American workers and firms. Yellen's top priority during her visit to China was to persuade Chinese officials to rein in excess production capacity for electric vehicles, solar panels, and other clean energy technology. Chinese state media pushed back on her arguments, calling them a pretext for protectionist US policies. Yellen and Hi Lifeng also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems. Yellen is expected to speak with reporters later on Saturday.

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https://m.economictimes.com/markets/stocks/news/us-china-to-launch-exchanges-on-balanced-growth-money-laundering-yellen-says/articleshow/109083049.cms