US official urges China to address 'industrial overcapacity'
==========

U.S. Treasury Secretary Janet Yellen called on China to address its industrial overcapacity, reform its trade practices, and create a "healthy economic relationship" with the United States. Yellen expressed concerns about China's industrial overcapacity, particularly in green energy sectors, which threaten American production of electric vehicles and solar panel parts. China's production capacity in these sectors has exceeded domestic demand and is being exported globally. Yellen also urged China to reform its unfair economic practices, including barriers to access for foreign firms and coercive actions against American companies. Yellen's visit to China marks the first visit by a senior U.S. official since November meetings between U.S. President Joe Biden and Chinese President Xi Jinping.

#UsOfficial #China #IndustrialOvercapacity #TradePractices #EconomicRelationship #GreenEnergy #ElectricVehicles #SolarPanels #ForeignFirms #CoerciveActions

https://www.voanews.com/a/us-official-urges-china-to-address-its-industrial-overcapacity-/7559237.html