U.S. and China discuss overcapacity, tariffs, investment restrictions

Treasury officials travel to Beijing for two days of talks, following Yellen's April visit

20240920N china steel REU

A hot-rolling plant of China Baowu Steel Group in Shanghai. American officials expressed concerns about Chinese overcapacity at a meeting in Beijing that ended Sept. 20. © Reuters

PAK YIU, Nikkei staff writer

WASHINGTON -- Senior American officials talked about Chinese industrial overcapacity, while China expressed concerns about U.S. tariffs and investment restrictions, at a two-day meeting in Beijing that ended Friday.

The meeting was co-chaired by Chinese Vice Finance Minister Liao Min and the U.S. Treasury Department's Jay Shambaugh, undersecretary for international affairs. It was the fifth meeting of the two countries' Economic Working Group and followed up on Treasury Secretary Janet Yellen's April visit to China.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.