During her visit to China, U.S. Treasury Secretary Yellen met with Vice Premier He Lifeng, who is in charge of finance and economic policy, and held an intensive exchange of opinions on issues such as the issue of China's overproduction of EVs (electric vehicles). Agreed.
U.S. Treasury Secretary Yellen met with Vice Premier He Lifeng, who oversees finance and economic policy, in Guangzhou, southern China, for two days until the 6th.
The U.S. Treasury Department announced on the 6th that during the meeting, the two countries agreed to intensively exchange views on balanced growth of the domestic and global economies.
Specifically, the Chinese government's subsidy policy has led to overproduction in China in certain fields such as EVs, which is having an impact on the U.S. economy, and will advance discussions on macroeconomic imbalances. is.
Secretary Yellen said in a statement that she is "confident that a shift away from policies that create overcapacity will benefit the United States, China, and the global economy."
Meanwhile, according to China's state-run Xinhua News Agency, China has expressed serious concerns about the economic and trade restriction measures taken by the United States against China, and has said that it has fully responded to the issue of production capacity.
Fierce conflict continues between the two countries over issues such as EV subsidy policy and semiconductor export restrictions, and the focus will be on whether they can find concrete points of agreement in future talks.