Explainer: Yellen's "Chinese overcapacity" fallacy defies economic basics

BEIJING, April 17 (Xinhua) -- U.S. Treasury Secretary Janet Yellen's misconception during the International Monetary Fund (IMF) meetings about the risks posed by "Chinese overcapacity" to the global markets is contrary to economic principles and common sense. SUPPLY CHAIN INTEGRITY

Yellen said on Tuesday that the IMF is not sufficiently focused on the problem of "Chinese overcapacity," arguing that China's subsi