READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Guangdong Governor Wang Weizhong of the People’s Republic of China

GUANGZHOU – Secretary of the Treasury Janet L. Yellen today met with Guangdong Governor Wang Weizhong of the People’s Republic of China (PRC). The two sides discussed the industrial outlook for the economically-important province of Guangdong. Secretary Yellen also noted Guangdong’s history as a center of market-oriented economic reforms in China. Secretary Yellen discussed her approach to the U.S.-China economic relationship and underscored her agreement with Vice Premier He Lifeng that the United States and China are not seeking to decouple their economies and that the U.S. and China welcome the objective of a healthy economic relationship that benefits both countries. She also expressed growing international concerns about overcapacity in certain Chinese industries.

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