US Treasury Secretary meets business leaders in China

US Treasury Secretary Janet Yellen visited China, for holding her first meeting with international business leaders at the Baiyun International Conference Center in the southern Chinese city of Guangzhou.

Yellen is due to hold two days of meetings with her Chinese counterpart in Guangzhou before travelling to Beijing for talks with other high-level officials.  The Treasury official said American efforts do not risk flooding the global market, noting that the scale of Chinese subsidies is much larger.

Treasury Under Secretary for International Finance that the United States wants to see shifts in Chinese industrial support and issues like production targets.