U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. Starting a five-day visit in one of China’s major industrial and export hubs, she raised what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials.
Only by knowing more about China can we set right the American view of the world, of China, of China-U.S. relations.” Yellen, who heads to Beijing from Guangzhou, met with U.S., European and Japanese business representatives before her talks with He. “I’ve heard from many American business executives that operating in China can be challenging,” she said at the American Chamber of Commerce event at a marbled convention center.