Post by sevenofnine on Apr 6, 2024 11:35:35 GMT -5
BOY! this what I hear on overnight news cycles
The United States and China agreed to launch "extensive" exchanges on balanced growth in domestic and global economies, the US Treasury Department announced on Saturday.
It comes after extended talks between US Treasury Secretary Janet Yellen and Vice Premier He Lifeng on Friday and Saturday.
The exchanges "will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use the opportunity to advocate for a level playing field for American workers and firms," Yellen said
Yellen made her second visit to China in a year to stabilize ties between the world's two leading economies.
US concerns about China's manufacturing capacity
During the conversation with Hu, Yellen expressed concerns aboutChina's excess manufacturing capacity.
The United States sees overcapacity as a risk as a surplus of cheap goods that threatens manufacturing
www.dw.com/en/us-china-to-hold-intensive-exchanges-on-balanced-growth/a-68755991
The United States and China agreed to launch "extensive" exchanges on balanced growth in domestic and global economies, the US Treasury Department announced on Saturday.
It comes after extended talks between US Treasury Secretary Janet Yellen and Vice Premier He Lifeng on Friday and Saturday.
The exchanges "will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use the opportunity to advocate for a level playing field for American workers and firms," Yellen said
Yellen made her second visit to China in a year to stabilize ties between the world's two leading economies.
US concerns about China's manufacturing capacity
During the conversation with Hu, Yellen expressed concerns aboutChina's excess manufacturing capacity.
The United States sees overcapacity as a risk as a surplus of cheap goods that threatens manufacturing
www.dw.com/en/us-china-to-hold-intensive-exchanges-on-balanced-growth/a-68755991
!!
