Yellen warns China industrial subsidies pose risk to world economy
She expressed concerns about China's "overcapacity" undercutting American and other countries' companies.
PREMIUM Politics
US Treasury Secretary Janet Yellen (L) and US Ambassador to China Nicholas Burns attend a meeting with China's Vice Premier He Lifeng (not pictured) at the Guangdong Zhudao Guest House in the southern Chinese city of Guangzhou, on April 5, 2024. (Photo by Pedro Pardo / AFP)
NewVision Reporter
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GUANGZHOU, CHINA - US Treasury chief Janet Yellen warned during a visit to China on Friday that Beijing's subsidies for industry could pose a risk to global economic