Yellen to return to China, press counterparts on excess factory capacity threat

U.S. Treasury Secretary Janet Yellen will return to China this week to continue her economic dialogue with top Chinese officials amid a new emphasis
on the threat to global economies from the Asian superpower’s growing excess industrial capacity, the Treasury Department said on Tuesday.
The April 3-9 trip, which will be Yellen’s second in-person visit to China as Treasury Secretary, will include a stop in the southern factory and export hub of Guangzhou before Beijing. She visited Beijing in July 2023 to re-establish ties after years of frosty relations.
Her trip was announced as U.S. President Joe Biden and Chinese President Xi Jinping on Tuesday held their first direct talks since November in which Taiwan tensions and U.S. national security curbs on the sale of high-technology goods to China took center stage.
Xi warned Biden that the U.S. was “creating risks” by suppressing China’s trade and technology development, Xinhua news agency quoted the Chinese leader as saying.