US Treasury Secretary Janet L. Yellen raised concerns to Chinese officials about China's exports of cheap electric vehicles and green energy goods, labeling them a threat to US jobs. Yellen urged Beijing to reduce its industrial strategy, warning of the impact on global economic stability. Despite a respectful reception in China, Yellen's message on Beijing's manufacturing drive may not lead to the policy changes she desires. Chinese officials have pushed back against Yellen's calls to scale back industrial production, dismissing concerns about overcapacity and arguing that China's industries are more competitive.
US Treasury Secretary Janet Yellen warned China’s leaders that the nation’s manufacturing power is a threat to global economic stability https://t.co/B4H5jKR0yg
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
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
China is worried about overcapacity, too — but it sees the problem differently than the US https://t.co/wTeArJIKk9
What overcapacity? China says its industries are simply more competitive https://t.co/wPNwMSmJ7z https://t.co/qT0U7R0ZDG
⚠️ ANALYSIS-AFTER ISSUING FACTORY CAPACITY WARNING TO CHINA, YELLEN FACES TARIFF DECISIONS Full Story → https://t.co/q2UqRkeVPq U.S. Treasury Secretary Janet Yellen hammered home a stern warning to China's economic leaders that their overinvestment in factory capacity for… https://t.co/dOeh4TjhT3
At the end of U.S. Treasury Secretary Janet Yellen’s visit to Beijing, Chinese officials pushed back against her urgings that China scale back its industrial production to avoid flooding world markets. @QiLiyan @ByXiaoXiao https://t.co/OClrwxDDMC https://t.co/OClrwxDDMC
"China is now simply too large..." Addressing a news conference in Beijing, US Treasury Secretary Janet Yellen decries Chinese "industrial overcapacity,” reflecting anxiety that China is outpacing the US in the development of green technology. https://t.co/Edi9JzT6Ce
It's rare I recommend a Bloomberg article but this opinion piece by @davidfickling is a must-read. https://t.co/m8yDmX55Hq He explains that with the "overcapacity" rhetoric towards China, Janet Yellen - and by extension America - is "rejecting what’s been one of the most…
Beijing's counter-take on the overcapacity issue https://t.co/zVdz0dZ0Li
From Breakingviews - Breakingviews - China's overcapacity is here to stay https://t.co/znFxhl93VA https://t.co/znFxhl93VA
Treasury Secretary Janet Yellen has hammered Chinese officials for exporting too many clean-energy goods, warning them to scale back industrial production https://t.co/9WJ9MaH3Jy https://t.co/9WJ9MaH3Jy
Janet Yellen got a respectful hearing in China for her main message — that Beijing’s manufacturing drive is a threat to other economies. But the warmth of her reception likely won’t translate into the policy shifts she wants https://t.co/SNlc4tb9xw
Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s exports of cheap electric vehicles and other green energy goods, saying that they were a threat to U.S. jobs and urging Beijing to scale back its industrial strategy. https://t.co/EYw7lTaSJS