China pushes back at US overcapacity concerns as Yellen wraps visit

Beijing (AFP) April 8, 2024

Beijing's commerce minister dismissed as "groundless" US concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue. During the visit by Treasury Secretary Janet Yellen, Chinese officials have sounded a positive note that ties between the two countries are on more stable f