Treasury Secretary Yellen Raises Concerns Over China's 'unfair Economic Practices'

U.S. Treasury Secretary Janet Yellen has begun her Beijing visit with raising concerns over China's "unfair economic practices."

Speaking at a roundtable discussion with U.S. businesses operating in the Communist nation, Yellen said that during meetings with her counterparts, she will be communicating the concerns expressed by the U.S. business community including China's use of non-market tools like expanded subsidies for its state-owned enterprises and domestic firms, as well as barriers to market access for foreign firms. "I've been particularly troubled by punitive actions that have been taken against U.S. firms in recent months."

by Joji Xavier

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