Yellen to Address China's Clean Energy Overcapacity During Upcoming Visit

The U.S. Treasury Secretary aims to tackle unfair competition and market distortions caused by China's subsidized clean energy exports.

U.S. Treasury Secretary Janet Yellen is set to address the issue of China's overcapacity in clean energy industries, including solar panels and electric vehicles (EVs), during her upcoming visit to China.
Yellen's concerns stem from China's subsidies for its clean energy industries, which she believes create unfair competition and distort global markets, impacting American firms and workers.
China's green energy exports have been criticized for flooding markets with cheap products, leading to concerns over global economic stability and supply chain resilience.
The U.S. and EU have taken steps to protect their industries from unfair competition, including launching investigations and excluding Chinese EVs and batteries from subsidies.
Yellen's visit aims to press Chinese officials to address the issue of overcapacity and ensure a level playing field for American firms and workers.