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Highland Gold Maple making syrup from Cape Breton woods for 25 years | SaltWire #capebreton #mapleBEIJING - U.S. Treasury Secretary Janet Yellen hammered home a stern warning to China's economic leaders that their overinvestment in factory capacity for clean energy goods is unacceptable throughout her four-day visit to Guangzhou and Beijing.
On what may be her last trip to China as Treasury chief, she saw pushback on her core complaint that a massive export wave of cheap EVs and solar panels, fuelled by state-supported production capacity that far exceeds domestic demand, was threatening competitors all over the world. "This dialogue isn't meant to be a negotiation, so I don't expect the U.S. to sit on its hands," said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington."Washington will continue to amass evidence to be prepared to take action."While in China, Yellen won plaudits from Chinese officials, academics and social media users.
"She has a particularly high level of credibility within the Chinese government," American Chamber of Commerce in China Chair Sean Stein said of Yellen."She maintains a focus on economics and talks about things in a dispassionate way.
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