(5 Apr 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Guangzhou, Guangdong Province - 5 April 2024
1. Wide of US Treasury Secretary Janet Yellen shaking hands with Guangdong Governor Wang Weizhong
LOCATOR: GUANGZHOU, GUANGDONG PROVINCE
2. Various of meeting
3. SOUNDBITE (English) Janet Yellen, U.S. Treasury Secretary:
"At the same time, I’ve also emphasized that building a healthy economic relationship requires a level playing field for American workers and firms, and open and direct communication on areas where we disagree. And this includes the issue of China’s industrial overcapacity, which the United States and other countries are concerned can cause global spillovers."
4. Mid of Yellen and Wang
5. Mid of Chinese officials
6. Mid of US officials
7. Wide of meeting
STORYLINE:
U.S. Treasury Secretary Janet Yellen called Friday for a level playing field for American companies and workers as she opened a five-day visit to China in a major industrial and export hub.
Yellen told Wang Weizhong, the governor of Guangdong province, that it's important for the two sides to have open and direct communication on areas of disagreement.
"This includes the issue of China’s industrial overcapacity, which the United States and other countries are concerned can cause global spillovers,” she said.
Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader Xi Jinping last November, has telegraphed that she will raise what the U.S. considers to be unfair Chinese trade practices, a concern shared by many European countries.
She is starting her trip in Guangzhou, the capital of Guangdong province, before heading to Beijing.
Before talks with the governor, she met with American, European and Japanese business representatives to hear their concerns, ahead of what will likely be tough talks on trade and other issues with senior Chinese government officials.
AP video by Caroline Chen
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