GUANGZHOU: US Treasury Secretary Janet Yellen arrived in China''s southern factory hub of Guangzhou on Thursday (Apr 4) with a tough message to Chinese officials: You''re producing too much of
US Secretary of the Treasury 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. She did it while appearing to charm her Chinese hosts this past week, but now comes the hard part
GUANGZHOU, China (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China''s excess manufacturing capacity, making the
Yellen said she believes those subsidies will enable China to flood the markets for solar panels, electric vehicle parts and lithium-ion batteries, thus distorting production in other economies
At the end of 2023, China had the capacity to build 861 gigawatts of solar modules per year, more than double the global total installed capacity of 390 million gigawatts.
GUANGZHOU, China (AP) — Treasury Secretary Janet Yellen arrived in China on Thursday for five days of meetings in a nation determined to avoid open conflict with the United States, yet the world''s two largest economies still appear to be hashing out the rules on how to compete against each other.. There are tensions over Chinese government support for the
WASHINGTON (AP) — Treasury Secretary Janet Yellen called out China''s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it
U.S. Treasury Secretary Janet Yellen said on Wednesday she intends to warn China about the negative effects of Beijing''s subsidies for its clean energy industries, including solar panels and
The subject was among the top-priority issues Dr Yellen raised with Chinese leaders, including Premier Li Qiang and economic czar He Lifeng, during her six-day visit that started on April 4.
Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global economy as a dumping ground for its cheaper clean energy products.
Despite the overall positive tone of Chinese state media coverage, Yellen had a tough message for Beijing: China''s surging exports of state-subsidized electronic vehicles
SEMA – whose members constitute a number of major non-Chinese solar manufacturers – released the statement following US Treasury Secretary Janet L. Yellen''s visit to Beijing last week. During her visit, Yellen said she “wouldn''t rule out” further trade defence measures against an overcapacity of solar manufacturing in China.
BEIJING (Reuters) – US 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. She did it while appearing to charm her Chinese hosts this past week, but now comes the
That moment of cordiality, however, did not mask a renewed source of tension between the two major powers that was in a key message that Dr Yellen carried to top Chinese leaders – China''s
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen will return to China this week to continue her economic dialogue with top Chinese officials amid a new emphasis on the threat to global economies from the Asian superpower''s growing excess industrial capacity, the Treasury Department said on Tuesday. The April 3-9 trip, which will be
BEIJING (Reuters) -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
The comments reflect continued concern in the Biden administration about China''s trade practices, which are likely to be a source of friction during Yellen''s visit despite recent efforts by
The Chinese Embassy in Washington did not immediately respond to a request for comment. Yellen''s comments highlight ongoing U.S.-China trade tension even as the two countries try to steady
The April 3-9 trip, which will be Yellen''s second in-person visit to China since July 2023, will include a stop in the southern factory hub of Guangzhou before Beijing. U.S. President Joe Biden
Last month, on a visit to a solar panel factory in Georgia, Yellen said China''s excess capacity was distorting prices and production patterns and hurting American firms and workers. She added
Yellen traveled to the state of Georgia to visit a Suniva solar cell manufacturing plant that closed in 2017 due to competition from cheaper, subsidized solar panels from China.
Read more: China solar module exports shift towards Asia, Yellen told reporters during a visit to Frankfurt that G7 finance ministers shared US concerns about Chinese efforts to dominate clean energy industries, but did not need "detailed coordination" on trade actions following the imposition of steep US tariffs on Chinese goods
Yellen traveled to the state of Georgia to visit a Suniva solar cell manufacturing plant that closed in 2017 due to competition from cheaper, subsidized solar panels from China.
U.S. Treasury Secretary Janet Yellen delivered a firm message to China on overinvestment in clean energy goods during her visit to Guangzhou and Beijing. She faces the tough decision of recommending increased U.S. tariffs on Chinese electric vehicles and solar panels to protect American producers and workers or pursuing dialogue for alternative
US Secretary of the Treasury Janet Yellen hammered home a stern warning to China''s economic leaders that their overinvestment in factory capacity for clean energy goods
BEIJING (Reuters) -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. She did it while appearing to charm her Chinese hosts this past week, but now comes the hard part:
The April 3-9 trip, which will be Yellen''s second in-person visit to China as Treasury Secretary, will include a stop in the southern factory and export hub of Guangzhou before Beijing.
United States Treasury Secretary Janet Yellen is expected to consult American companies on China''s industrial overcapacity, particularly in solar power and electric vehicles (EVs), at a planned
US Treasury Secretary Janet Yellen is wrapping up her second trip to China, where she raised American concerns about Chinese overproduction, warned against support for Russia and, unexpectedly
From her down-to-earth demeanour to chopstick skills, US Treasury Secretary Janet Yellen has been under scrutiny on her China visit, where she delivered a serious message -- a call to action to
US 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.
The April 3-9 trip, which will be Yellen''s second in-person visit to China as Treasury Secretary, will include a stop in the southern factory and export hub of Guangzhou before Beijing. Yellen said last week at a Suniva solar module factory near Atlanta that Chinese government support has led to “substantial overinvestment” in steel
REUTERS/Thomas Peter/File Photo Purchase Licensing Rights GUANGZHOU, China, April 4 (Reuters) - U.S. Treasury Secretary Janet Yellen arrived 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.
Last month, on a visit to a solar panel factory in Georgia, Yellen said China's excess capacity was distorting prices and production patterns and hurting American firms and workers. She added that China was following its old practice of flooding the global markets with cheap, state-subsidized steel and aluminum.
Yellen, who is planning her second trip to China 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.”
Despite the overall positive tone of Chinese state media coverage, Yellen had a tough message for Beijing: China's surging exports of state-subsidized electronic vehicles (EVs), solar panels and batteries are threatening American jobs and businesses, and must be reined in.
Janet Yellen has kicked off her second visit to China as US treasury secretary with a warning of the risk to jobs and businesses posed by overproduction of certain goods in the world's second largest economy.
Our Standards: The Thomson Reuters Trust Principles. U.S. Treasury Secretary Janet Yellen arrived 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.
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