U.S. Treasury Secretary Janet Yellen's remarks on China's alleged overcapacity in clean energy goods have sparked debates among experts. Some experts argue that the criticism goes against economic principles and risks breaching free trade rules. Yellen's statements have raised concerns about the impact of Chinese exports on global markets, with worries extending to countries like Europe, Japan, India, Mexico, and Brazil. The U.S. Treasury Secretary emphasized the need to address the issue to prevent imbalances in international trade.
⚠️ YELLEN SAYS CHINA'S OVERPRODUCTION OF CLEAN ENERGY GOODS NEEDS MITIGATION Full Story → https://t.co/2KbkWkmd5s U.S. Treasury Secretary Janet Yellen said that China's massive investments in advanced manufacturing of clean energy goods has resulted in an unfair playing field… https://t.co/xfqqmd7KqZ
US TREASURY SECRETARY YELLEN: US FIRMS ARE NOT ON A LEVEL PLAYING FIELD WITH CHINA.
⚠️ YELLEN SAYS US WORKING TO MITIGATE RISKS TO GLOBAL ECONOMY Full Story → https://t.co/wXCqy5qN0W U.S. Treasury Secretary Janet Yellen on Tuesday said stronger-than-expected U.S. economic growth had helped power the global economy, and Washington was working to mitigate…
YELLEN: WE RECOGNIZE GLOBAL RECOVERY HAS BEEN UNEVEN AND ARE WORKING TO MITIGATE RISKS AND SUPPORT LONG-TERM GROWTH
US TREASURY SECRETARY YELLEN: GLOBAL ECONOMIC PERFORMANCE HAS BEEN POWERED IN PART BY A STRONG U.S. ECONOMY& THE LABOUR MARKET IS ALSO REMARKABLY HEALTHY.
U.S. Secretary of the Treasury Janet Yellen in China: President Biden and I Reject the Idea That America Needs to Decouple from China Economically #China @SecYellen https://t.co/fK6cXZmhfX
Yellen on overcapacity: “We’re concerned about the possibility of surges in Chinese exports... this is a concern not only to us, but also to other countries, to Europe, to Japan, and even to emerging markets. India, Mexico, Brazil." Ahead of IMF/WB week https://t.co/imRVZ3foUr https://t.co/mTUSyG7tbo
Treasury Secretary Janet Yellen said the US wouldn’t take “anything off the table” in response to China’s manufacturing capacity https://t.co/na6YLRhXni
According to renowned China expert Nicholas Lardy, US Treasury Sec. Yellen’s allegations about China’s so-called "overcapacity" “means every country should only produce what it consumed itself.” LARDY'S RIGHT. This would mean no international trade. Sec. Yellen's protectionist…
Yellen's plea against Chinese "overcapacity" in clean energy goods ignites concerns. But is it fair to blame foreign subsidies for domestic woes? #GlobalTrade #MarketEconomy Pierre Lemieux at #EconLog: https://t.co/5sEmXdOOfG
https://t.co/oVznGLaS33 Parsing Treasury Secretary Yellen's misunderstanding of the Chinese economy.
The assertion from U.S. Treasury Secretary Janet Yellen that China is guilty of overcapacity gets a strong rebuke from experts, who argue that the criticism runs counter to the basics of economics and risks violating free trade principles. @SecYellen https://t.co/sON8dqIwWK