By David Lawder
RIO DE JANEIRO (Reuters) – U.S. Treasury Secretary Janet Yellen stated on Friday that emerging markets, consistingof some G20 nations, share her issues about China’s excess commercial capability and oughtto press Beijing to modification its financial design.
THE TAKE:
Yellen informed Reuters in an interview that the issues about China overinvesting in factories and flooding the world with inexpensive products extends well beyond the rich G7 democracies to nations consistingof G20 host Brazil, which hasactually raised tariffs on Chinese steel and electrical lorries.
Yellen stated that China is not taking suggestions from other nations and the International Monetary Fund to restore its economy with procedures to boost customer costs and need for services.
Instead, Beijing was chan