In a significant move toward fostering balanced economic growth, the United States and China have agreed to establish a dedicated forum for discussions on domestic and global economic prosperity. This decision was disclosed by the U.S. Treasury following a meeting between Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng in southern China.
According to the U.S. Treasury’s statement, Yellen expressed her commitment to utilizing these discussions to address macroeconomic imbalances, particularly their correlation with issues such as overcapacity. She emphasized her intention to advocate for a fair and equitable environment for American workers and businesses.
“Creating these channels of dialogue will enable a thorough exploration of macroeconomic imbalances and their implications, including the challenge of overcapacity. I am determined to leverage this platform to champion the interests of American workers and enterprises,” Yellen stated.
