China and the United States hold the economic working group meeting in the United Stat

China and the United States held a meeting of the Sino -US Economic Working Group in Washington on Friday (October 25). The United States reiterated concerns about China's industrial capacity overcapacity.

According to the official website of the Ministry of Finance of China, China Deputy Minister Liao Yan attended the World Bank/International Monetary Fund Annual Meeting in Washington, USA on Friday.The sixth meeting of the working group.

The two parties responded to the macroeconomic situation and policies of the two countries, in response to global challenges, including joint cooperation to help low -income countries respond to liquidity challenges, and the next communication arrangements to conduct in -depth, pragmatic and constructive communicationEssenceChina ’s key announcement in China’ s macroeconomic situation and a recent launch of an incremental policy that is being launched, and expressed concern on the United States' tariffs on China and Canada and sanctions related to Russia.

After the meeting, Liao Yan had a etiquette talks with US Treasury Secretary Yellen.

According to the official website of the US Treasury, the United States continues to reiterate Washington's overcapacity of China's industrial capacity and its influence on American workers and enterprises.

Yellen has previously expressed concerns about the United States' concerns about Chinese electric vehicles and solar panels.When she visited China in April this year, she said: "China is too big now, and other countries in the world cannot absorb this huge production capacity."

Yellen on Tuesday (22) at a press conferenceA new round of economic stimulus measures in China did not solve the problem of downturn in domestic demand.She said that so far, she has not seen a statement that the People's Bank of China and the Ministry of Finance have issued any statement that stimulate demand, absorb excess capacity, and promote economic growth.

China has launched a new round of economic stimulus measures in late September this year, including interest rate cuts and measures to support the stock market and real estate market.

The Standing Committee of the National People's Congress of China will be held from November 4th to 8th.Policy details.