Yellen Criticizes Beijing’s ‘Coercive’ Actions Against US Companies

U.S. Treasury Secretary Janet Yellen criticized Beijing’s “coercive” measures against foreign companies, calling on the regime’s top leadership to provide American businesses and workers “a level playing field.” Kicking off her second trip to China as Treasury secretary, Ms. Yellen met with American and other foreign business leaders on Friday in Guangzhou, the southern export hub. The Chinese regime has pursued “unfair economic practices, including imposing barriers to access for foreign firms and taking coercive actions against American companies,” Ms. Yellen said at an event hosted by the American Chamber of Commerce in China (AmCham). According to the annual survey by the Beijing-based AmCham, a third of U.S. companies said they were treated unfairly by local policies and enforcement actions compared to their Chinese competitors. The largest decline in equality was reported in the technology and research and development (R&D) sector....