US, China agree to hold talks on 'balanced economic growth': US Treasury

The United States and China have agreed to hold "intensive exchanges on balanced growth", said a statement by the US Treasury Department, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou. "These exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use this opportunity to advocate for a level playing field for American workers and firms," said Yellen in a separate statement.