"Yellen Pushes for Balanced Growth in Intensive Talks with China"

U.S. Treasury Secretary Janet Yellen announced that the U.S. and China will engage in "intensive exchanges" to address American concerns about Beijing's economic model and trade practices, particularly regarding manufacturing overcapacity and subsidies for green technologies. The talks aim to create a structured dialogue to find a way forward that avoids conflict and will also cover issues such as balanced economic growth and combating money laundering. Yellen also mentioned the possibility of tariffs in response to China's heavily subsidized manufacturing of green energy products, as the U.S. seeks to boost its domestic manufacturing capabilities and maintain national security.