US Treasury chief Janet Yellen in China on Friday warned
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US Treasury chief Janet Yellen in China on Friday warned that Beijing's subsidies for industry posed a risk to global economic resilience, as she spoke to the American business community in the southern city of Guangzhou.
"Direct and indirect government support is currently leading to production capacity that significantly exceeds China's domestic demand, as well as what the global market can bear," she said, warning this posed "a risk to global economic resilience".
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