US Treasury Secretary Janet Yellen's Trip to China to Address Industrial Overcapacity

US Treasury Secretary Janet Yellen is set to embark on a significant trip to China for crucial discussions. Yellen's focus will center on addressing the mounting industrial overcapacity that is posing threats to global economies. This upcoming visit marks her second trip to China within a span of nine months. She is scheduled to spend two days in Guangzhou, a key commercial and manufacturing center, before proceeding to Beijing for an additional two days of talks. The Treasury's announcement emphasized the seriousness and importance of this visit. Yellen's proactive engagement underscores the severe economic concerns associated with the issue of industrial overcapacity, which has implications on a global scale.