Yellen Presses China on Overcapacity, Market Access in Talks

• Yellen meets with Chinese officials, expected to focus on China's excess manufacturing capacity and challenging business climate for U.S. firms • Concerns over China's overproduction flooding global markets as domestic demand slumps • Yellen argues for "level playing field" for U.S. workers and firms • U.S. may raise tariffs on Chinese EVs and clean energy to protect fledgling American industry • Parallel meetings between U.S. and China on commerce and investment issues also address overcapacity concerns