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Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse #atlanticcanadaGUANGZHOU, China - U.S. Treasury Secretary Janet Yellen said on Friday that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other economies.
Yellen's comments underscored her main objective in talks later on Friday with Chinese Vice Premier He Lifeng - to point out the problems that China's excess factory capacity and growing exports are causing abroad, fueling potential trade tensions. The International Monetary Fund currently forecasts China's 2024 real GDP growth at 4.6%, falling to 4.1% in 2025.
"I believe that addressing over capacity, and more generally considering market-based reforms, is in China's interest," she said.
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