Treasury Secretary Janet Yellen begins China visit

News Snapshot:

U.S. Treasury Secretary Janet Yellen called Friday for a level playing field for American companies and workers as she began a five-day visit to China in one of the country's major industrial and export hubs. Yellen told Wang Weizhong, the governor of Guangdong province, that it's important for the U.S. and China to have open and direct communication on areas of disagreement. "This includes the issue of China’s industrial overcapacity, which the United States and other countries are concerned can cause global spillovers,” she said. Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader...