During her recent trip to China, U.S. Treasury Secretary Janet Yellen aimed to address and stabilize China-U.S. ties amidst concerns over China's economic policies and practices. Yellen's visit, described as "utterly bizarre," focused on discussions about China's growth model and critiqued China's 'Biden Bux' policies. A key focus was on Beijing's efforts to boost economic growth, which includes concerns over China's industrial overcapacity, particularly in green industries, and the potential impact on global markets through the export of cheap goods. Yellen issued a factory capacity warning and faced decisions on tariffs, signaling a cautious approach towards engaging with China on sensitive economic issues. The visit also highlighted the broader context of U.S.-China relations, including efforts by the Biden administration to prevent another 'China shock' to U.S. manufacturing and address geopolitical dynamics. Despite Yellen's efforts, Chinese officials dismissed concerns over industrial production and criticized the U.S. stance as protectionist, underscoring the challenges in U.S.-China economic diplomacy and accusations of "clean energy dumping."
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
Treasury Secretary Janet Yellen’s trip to China sent a clear message about exports, but it will likely fall on deaf ears in Beijing https://t.co/gWBvyO8yan https://t.co/gWBvyO8yan
Some thoughts on the "overcapacity" narrative: 1) From a strategic point of view, the “overcapacity” narrative is perceived in Beijing as another US attempt to hinder China’s effort to move up the value chain. 2) Beijing views the success of China’s EV and green technology…
"Treasury Secretary Janet Yellen’s trip to China sent a clear message—a flood of cut-priced exports isn’t welcome. It will likely fall on deaf ears in Beijing." @jackycwong https://t.co/ZFFM6ZkdTl https://t.co/ZFFM6ZkdTl
#OpinionLine US Treasury Secretary #JanetYellen recently held a series of meetings with leading Chinese officials, during which she wanted her hosts to know that her country had no interest in quashing the strong trade environment in which the US and China operate. Yet almost… https://t.co/pGItnoXGxL
Exploring China's #Overcapacity, #EV Industry, and @Tesla's "#CatfishEffect": Should #ElonMusk Regret? #CCP #China #CCPChina #Chinanews #ChinaStory #ChineseSociety #AmazingChina #ChineseEconomy #ElectricVehicle @elonmusk https://t.co/lkCDDcCWVz
China is facing more scrutiny from the West over its aggressive export practices — overcapacity and huge subsidies. The US and EU are working to ensure their clean-energy sectors aren't wiped out by unfair competition. https://t.co/oybhmh8vHf
Commentary: Washington's "overcapacity" charges misleading -Xinhua https://t.co/msj2nHOioo "David Fickling, a Bloomberg Opinion columnist, said in a recent opinion piece that "Yellen junks 200 years of economics to block China clean tech" and that the attempt is a protectionist…
Yellen pitches Bidenomics in Beijing — making America a laughingstock https://t.co/ERSu9Pf0h2 https://t.co/02r2IUlWcp
Is Uncle Sam's love for "green products" turning into a protectionist affair? Yellen's warning on China's exports sparks debate on subsidies and market distortions. #EconomicPolicy #ChinaTrade Pierre Lemieux at #EconLog: https://t.co/5sEmXdPm5e
Guys I don't mean to be skeptical of Secretary Yellen's trip, especially to the text book jockies reliving Groundhog Day over and over, but I am beginning to think that the Chinese won't change their entire economic structure just because of a press release and Galaxy Brain… https://t.co/ca9uCo1jkR
#HTEditorial | Yellen’s visit underscores a carefully considered approach to engaging on pain points #HTPremium https://t.co/wHF142mp2s
Heard on the Street: Treasury Secretary Janet Yellen’s trip to China sent a clear message about exports, but it will likely fall on deaf ears in Beijing https://t.co/9AloAp9qGW https://t.co/9AloAp9qGW
Our latest “Drum Tower” podcas examines the state of US-China relations and Xi Jinping’s new plan to revive his country’s economy. Listen now: https://t.co/dgtaQzWwLn 🎧
During her recent visit to Beijing, @SecYellen correctly pointed to the Chinese economy’s overcapacity issues. But her claim that government subsidies are the primary cause was misguided, notes @PKU1898’s Yang Yao. https://t.co/7noMQLf6RC
Chinese officials have dismissed concerns raised by U.S. Treasury Secretary Janet Yellen that it should scale back on industrial production https://t.co/somxnc6glB https://t.co/somxnc6glB
The technology news making headlines in China today includes: - XPeng takes its EVs on a sales drive to Hong Kong and Macao - Job cuts might be behind outage at Tencent Cloud, source says - Battery giant CATL unveils more efficient energy storage system https://t.co/EkJ8cymlUd
The last day of US Secretary Janet Yellen's trip to China coincided with the strongest retort yet from Beijing officials over her claims that China is flooding global markets with cheap goods, particularly in the new green industries https://t.co/Hb4s48Y2Pa
The last day of US Secretary Janet Yellen's trip to China coincided with the strongest retort yet from Beijing officials over her claims that China is flooding global markets with cheap goods, particularly in the new green industries. More here: https://t.co/5CX8gyoIvo
Janet Yellen and the rest of the Biden administration are determined not to allow another “China shock” to hollow out U.S. manufacturing again and leave more fallow ground for the politics of resentment, FP’s @KFJ_FP writes. https://t.co/s1txd34cBm
#MediaFocus Refuting the US Treasury Secretary Janet Yellen's claim of Chinese "industrial overcapacity" in sectors including EV, lithium ion batteries and solar, Bloomberg Opinion columnist David Fickling said in his commentary, "the treasury secretary's plan is a protectionist… https://t.co/CuDsJQ65Ur
CFR President Michael Froman joined @Politico's @StevenOverly to discuss the Biden administration’s latest attempt at a diplomatic reset with China and the administration’s economic policies vis-à-vis China. Listen to the full episode below ⬇️ https://t.co/9YVJNRjfAs
⚠️ ANALYSIS-WHAT OVERCAPACITY? CHINA SAYS ITS INDUSTRIES ARE SIMPLY MORE COMPETITIVE Full Story → https://t.co/LBwId43vX3 https://t.co/y3YvD3fU5l
Personally, I think Secretary Yellen's trip to China was a clear success -- not because of any short-term "deliverables" but rather because she (correctly) framed the nature of the challenge (from the FT) 1/2 https://t.co/f6wFzo9DNo
Europe's antitrust watchdog probes China undercutting its $4 billion wind turbine market, saying "we saw the playbook" with solar power. https://t.co/6Z97nBPSL0
I discuss Treasury Secretary Janet Yellen's visit to China And China Geopolitics via @forbes https://t.co/NRWs5673tq
U.S. Treasury Secretary Janet Yellen And China Geopolitics via @forbes https://t.co/NRWs5673tq
Treasury Secretary Yellen's speech raises eyebrows on Chinese "clean energy dumping." Are low-cost imports a boon or a threat to American producers? #EnergyPolicy #Trade Pierre Lemieux at #EconLog: https://t.co/5sEmXdOOfG
Sharp China: Yellen’s Visit to Beijing; PRC Exports and Global Tensions; Finance with Chinese Characteristics; US-Japan-Philippines https://t.co/IO4lchdurq On today's show Andrew and Bill begin with takeaways from Secretary of Treasury Janet Yellen's visit to China, including…
Pic 1: China Shock Politics (Yellen in China this week) Pic 2: China Shock Economics (The White House CEA in the just-released 2024 Economic Report of the President) https://t.co/ZjTLNxJqZA
Yellen junks economic principle to block China clean tech: Bloomberg https://t.co/91twZ5Qdi6
After issuing factory capacity warning to China, Yellen faces tariff decisions - Reuters https://t.co/OChc90vEJY
From @breakingviews: Beijing's push to prop up economic growth means China’s factories will keep chugging along. US Treasury Secretary Janet Yellen not to hobble Western firms by flooding markets with cheap exports. @mak_robyn has more https://t.co/379lcyCHqG https://t.co/ip6obNGe5L
From @breakingviews: US Treasury Secretary Janet Yellen is the latest to warn about China making more goods than needed domestically. The concerns have some justification, says @mak_robyn https://t.co/Qe5b0eEPX6. https://t.co/UeN4qeLcw1
The technology news making headlines in China today includes: - Hong Kong gets first applications for spot Bitcoin ETFs, sources say - TSMC gets $11.6 billion in U.S. grants, loans for chip plants - EU ups pressure on China’s green tech with wind probe https://t.co/86tJ4mS3cq
A few points on Janet Yellen’s utterly bizarre trip to China where she appeared to try to convince China to follow a growth model that the US Treasury concocted based on their own failed ‘Biden Bux’ policies of the past three years. - The main complaint against China was on… https://t.co/z7fXymSbGD
Yellen's China trip: With desire to stabilize China-U.S. ties, uncertainty remains https://t.co/AEaKfWAREf