Yellen Warns She’ll Confront China on Its Energy Subsidies
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U.S. Treasury Secretary Janet Yellen plans to confront China on its energy subsidies during her upcoming visit to China. Yellen believes that Chinese subsidies for clean energy industries create unfair competition and hurt American firms and workers. She intends to discuss the issue of overcapacity in industries such as solar panels, electric vehicle parts, and lithium-ion batteries, which she believes will distort production in other economies and global prices. Yellen will also emphasize that excess capacity poses risks to the global economy and productivity and growth in the Chinese economy. She hopes to have a constructive dialogue with Chinese officials about subsidies and oversupply issues. Yellen's visit to China is scheduled for April, although the Treasury has not yet confirmed her itinerary. In response to the U.S.'s requirements for electric vehicle subsidies, China has filed a complaint against the U.S. at the World Trade Organization, arguing that the requirements are discriminatory.
#JanetYellen #China #EnergySubsidies #CleanEnergy #Overcapacity #SolarPanels #ElectricVehicleParts #LithiumionBatteries #GlobalEconomy #WorldTradeOrganization
https://www.voanews.com/a/yellen-warns-she-ll-confront-china-on-its-energy-subsidies-/7546754.html
Voice of America - VOA News /
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2024-03-28 01:40:55
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2024-03-28 01:40:55Event JSON
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"content": "Yellen Warns She’ll Confront China on Its Energy Subsidies\n==========\n\nU.S. Treasury Secretary Janet Yellen plans to confront China on its energy subsidies during her upcoming visit to China. Yellen believes that Chinese subsidies for clean energy industries create unfair competition and hurt American firms and workers. She intends to discuss the issue of overcapacity in industries such as solar panels, electric vehicle parts, and lithium-ion batteries, which she believes will distort production in other economies and global prices. Yellen will also emphasize that excess capacity poses risks to the global economy and productivity and growth in the Chinese economy. She hopes to have a constructive dialogue with Chinese officials about subsidies and oversupply issues. Yellen's visit to China is scheduled for April, although the Treasury has not yet confirmed her itinerary. In response to the U.S.'s requirements for electric vehicle subsidies, China has filed a complaint against the U.S. at the World Trade Organization, arguing that the requirements are discriminatory.\n\n#JanetYellen #China #EnergySubsidies #CleanEnergy #Overcapacity #SolarPanels #ElectricVehicleParts #LithiumionBatteries #GlobalEconomy #WorldTradeOrganization\n\nhttps://www.voanews.com/a/yellen-warns-she-ll-confront-china-on-its-energy-subsidies-/7546754.html",
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