Treasury Secretary Janet Yellen is calling out China’s ramped-up production 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.”
Yellen, who is planning her second trip to China as Treasury secretary, says in remarks prepared for delivery Wednesday in Georgia that she will convey her belief that Beijing’s increased production of green energy also poses risks “to productivity and growth in the Chinese economy.”
