Yellen says China's rapid buildout of its green energy industry 'distorts global prices'

in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition that “distorts global prices" and “hurts American firms and workers, as well as firms and workers around the world.”as Treasury secretary, said Wednesday in Georgia that she will convey her belief to her Chinese counterparts that Beijing's increased production of green energy also poses risks "to productivity and growth in the Chinese economy.

“These are concerns that I increasingly hear from government counterparts in industrialized countries and emerging markets, as well as from the business community globally,” she said. NATO ally Greece wants fifth-gen F-35 stealth fighters with the upgrades to cure past 'childhood illness'

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yellen Warns China's Industry Ramp-Up Is Distorting World EconomyUS Treasury Secretary Janet Yellen said she plans to press China in an upcoming visit to the country on a ramp-up in its industrial capacity that’s distorting the global economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »