US-China economic flashpoints in Yellen's China trip
US Treasury Secretary Janet Yellen speaks during a press conference at the US embassy in Beijing. Photo: Reuters/File Since US Treasury Secretary Janet Yellen visited Beijing last year, the world's two biggest economies have resumed regular talks and averted major escalations in tensions But the countries still trade barbs on economic issues as they battle for superiority in advanced technologies and work to secure critical supply chains. As Yellen arrives in China on Thursday, what issues does she face? Industrial overcapacity Washington is wary that cheap Chinese exports could flood global markets, citing green energy sectors like solar and electric vehicles. The United States is working to build its own supply chains in these areas. Chinese banks have facilitated major new borrowing for the country's manufacturing sectors, extending it nearly $700 billion in new loans in the third quarter of 2023, from the prior year, said the Atlantic Council. It added this was o...

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