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Apr 06, 2024 - 15:41
By asia.nikkei.com

U.S., China to start new talks on balanced growth, Yellen says

GUANGZHOU, China (Reuters) -- U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on balanced economic growth, an effort partly aimed at addressing U.S. concerns about China's excess manufacturing capacity.

After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems.