U.S. Treasury Secretary Janet Yellen Vows to Address China’s Overcapacity in Green Technology Exports: A Quest for Fair Competition and Global Stability

During her speech at a Georgia solar company, U.S. Treasury Secretary Janet Yellen expressed concerns about the negative impact of China’s overcapacity in green technology exports on American manufacturers. She emphasized that China’s ability to sell these products at lower prices in other countries is undercutting competition from American firms and workers. Yellen plans to address this issue during an upcoming visit to China in April by stressing the importance of fair competition for American firms and workers.

Yellen highlighted the negative impact of China’s overcapacity on global prices and production patterns, stating that it hurts not only American firms and workers but also those around the world. She intends to press her Chinese counterparts to take necessary steps to address this issue during her upcoming trip, emphasizing the need for American firms and workers to be able to compete on a level playing field. Discussing overcapacity has been a priority in previous discussions with China, and it will continue to be a key issue during her next visit.