US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying that this can discourage investors. "Too strong a role for state-owned enterprises can choke growth and an excessive role for the security apparatus can dissuade investment," she added, at the US-China Business Council's 50th anniversary dinner in Washington. US companies have long complained about what they see as an unfair business environment in China, with limited protection for intellectual property and preferential treatment afforded to domestic competitors. The fears were worsened ... (full story)