The US reiterated to China its concerns over what it sees as industrial overcapacity in the world’s second-largest economy, prompting Beijing officials to push back against that accusation.
“The US delegation continued to express concerns about China’s non-market practices and industrial overcapacity,” the US Treasury Department said after a meeting Tuesday of the economic working group between the two countries. At the meeting in Washington “both sides agreed to further discuss these issues,” according to the readout.