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International relations

Yellen says China trip 'moved ball' on key issues, warns on Russia links

Treasury chief urges Beijing to spur domestic demand to absorb industrial output

U.S. Treasury Secretary Janet Yellen holds a news conference in Beijing on April 8.   © Reuters

SHANGHAI -- U.S. Treasury Secretary Janet Yellen on Monday described her visit to China as productive, even as she issued a stern warning against support for Russia's war in Ukraine and underscored concerns over TikTok and Chinese industrial overcapacity.

Yellen's second trip to China in less than a year was aimed at expanding communication, following a summit between Presidents Joe Biden and Xi Jinping in November and telephone talks they held last week.

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