Yellen says China trip 'moved ball' on key issues, warns on Russia links

Treasury chief urges Beijing to spur domestic demand to absorb industrial output

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U.S. Treasury Secretary Janet Yellen holds a news conference in Beijing on April 8. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- U.S. Treasury Secretary Janet Yellen on Monday described her visit to China as productive, even as she issued a stern warning against support for Russia's war in Ukraine and underscored concerns over TikTok and Chinese industrial overcapacity.

Yellen's second trip to China in less than a year was aimed at expanding communication, following a summit between Presidents Joe Biden and Xi Jinping in November and telephone talks they held last week.

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