US and China plan talks on economics, including manufacturing ‘overcapacity’ issue, Yellen says

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China Slams US' "Fear-Mongering" After Criticism Over Excess Manufacturing

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-mongerin…