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South Shore school lunch program setting the standard | SaltWire #school #lunch #educationGUANGZHOU, China - U.S. Treasury Secretary Janet Yellen arrives in China's southern factory hub of Guangzhou on Thursday with a tough message to Chinese officials: you're producing too much of everything, especially clean energy goods, and the world can't absorb it.
The official, who spoke on condition of anonymity, added that Yellen would explain:"If there are trade actions around the world, it's not an anti-China thing, it's a response to their policies." Setser added that Yellen's warnings about Chinese overproduction may be an initial step by the Biden administration towards new tariffs or other trade barriers on Chinese EVs, batteries and other goods.
In March, China's leadership pledged to follow through on President Xi Jinping's new mantra of unleashing"new productive forces" in China by investing in developing technology industries including EVs, new materials, commercial spaceflight and life sciences - areas where many U.S. firms hold advantages.
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