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Yellen calls for level playing field for US workers and firms during China visit Boston 25 News [Video]

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USA Economy and Markets

GUANGZHOU, China — (AP) — U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers.

Starting a five-day visit in one of China’s major industrial and export hubs, she raised what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials.

“The United States seeks a healthy economic relationship with China that benefits both sides,” she said ahead of a meeting with Chinese Vice Premier He Lifeng in the southern city of Guangzhou. “But a healthy relationship must provide a level playing field for firms and workers in both countries.”

Earlier, she said at an an event hosted by the American Chamber of Commerce in China that there are “Chinese practices that are tilting the playing field away from American workers and firms.”

He didn’t get into specifics in …

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