Yellen warns that industrial growth in China is harmful to the world economy

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Yellen warns that industrial growth in China is harmful to the world economy

"China's overcapacity distorts global prices and production patterns and harms American businesses and workers, as well as businesses and workers around the world," Yellen said in excerpts of comments she is presenting on Wednesday during a visit to Georgia. "We have raised the overcapacity in prior discussions with China and I intend to make it a key topic in discussions during my next trip there." Yellen is visiting Norcross, Georgia, to highl…