U.S. Treasury Secretary Janet Yellen, who is visiting China, held a press conference on the 8th, stating that the problem of China's overproduction of electric vehicles (EVs) is having an impact on the global economy, and called on China to make a policy change. I have expressed my thoughts on the future.
US Treasury Secretary Yellen, who has been visiting Guangzhou and Beijing in China since the 4th of this month, met with Vice Premier He Lifeng, who oversees finance and economic policy, Premier Li Qiang, and others, and discussed the issue of China's overproduction of EVs (electric vehicles). It was agreed that there would be an intensive exchange of opinions on such matters.
Secretary Yellen held a press conference in Beijing on the 8th before returning to Japan and said, ``It's clear that the U.S.-China relationship is stronger than it was last year.''
On the other hand, he pointed out that the problem of China's overproduction has a major impact on the U.S. and global economy, and emphasized that he would not allow American industries to be destroyed by cheap imports from China. did.
Regarding the framework for the exchange of views agreed upon this time, he stated, ``It will be a mechanism for us to raise our concerns in a detailed and targeted manner,'' and expressed our intention to urge China to make a policy change.