News > China pushes back at US overcapacity concerns as Yellen wraps visit

China pushes back at US overcapacity concerns as Yellen wraps visit

During the visit by Treasury Secretary Janet Yellen, Chinese officials sounded a positive note that ties between the two countries are on more stable footing, with both sides agreeing to open channels. The US concern is that with Chinese government support creating more production capacity than global markets can absorb, a flood of cheap exports in key sectors like solar and electric vehicles could impact the growth of those industries elsewhere.