The US-China Economic Working Group met on the sidelines of the annual meetings of the World Bank and International Monetary Fund.
US and Chinese officials would be “digging in” on US concerns about Chinese production overcapacity again this week, Treasury Secretary Janet Yellen said told reporters Tuesday.. The working group has been “digging in” on the overcapacity issue to see if the two sides can come to a common understanding to address the problem, Yellen said. The U.S. side "continued to raise concerns related to China’s industrial overcapacity and its impact on U.S. workers and firms," according to the readout at the meeting's end.
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