Yellen's overcapacity digs rehash 'China threat' rhetoric: Xinhua

Chinese state media says comments create pretext for more U.S. protectionism

20200406 Yellen

U.S. Treasury Secretary Janet Yellen speaks during an event by the American Chamber of Commerce in China in Guangzhou on April 5. © Reuters

GUANGZHOU (Reuters) -- U.S. Treasury Secretary Janet Yellen comments on China's excess manufacturing capacity seek to rehash "China threat" rhetoric and appear to create a pretext for more protectionist policies from the U.S., Chinese state media said.

Such comments seek to undermine China's domestic growth and international cooperation, and Washington should focus on fostering innovation and competitiveness within its own borders instead of resorting to fear-mongering, state news agency Xinhua said in an editorial late on Friday.

Sponsored Content

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