U.S. Secretary of Treasury says China could force U.S. firms out of business

U.S. Secretary of Treasury Janet Yellen once again stressed the issue of overcapacity after concluding her meetings with Chinese officials on Monday. Speaking to reporters at the U.S. Ambassador's residence in Beijing, Yellen said China's economic overcapacity could harm foreign firms.U.S.

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BEIJING — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. She also said in Beijing they had “difficult conversations” about national security, including American concerns that Chinese companies are supporting Russia in its war in Ukraine. But the focus of her trip was industrial policy, and what the U.S.

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