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US Treasury Secretary Janet Yellen's trip to China sparked tensions as she raised concerns about Chinese industrial overcapacity, particularly in green industries like EVs and batteries. Yellen's remarks were met with strong rebuttals from Beijing officials and experts, who criticized her protectionist stance. The US-China trade dispute over exports and subsidies in the clean-energy sector continues to escalate, with implications for global markets and competition. Yellen's efforts to address overcapacity and trade imbalances reflect broader economic and strategic concerns between the two nations.
While @Tesla's stock price has plummeted, China's #NewEnergyVehicle industry, which has grown under the impetus of Tesla's "catfish effect," has seen a #GreatLeapForward in growth. Yesterday, I asked the audience whether @elonmusk should have gone to China to build a factory, so… https://t.co/Veesay2vKS https://t.co/0IcDFGP8se
Another #GreatLeapForward in China's #NewEnergyVehicles. Didn't the CCP know that the consumption levels of the Chinese populace were insufficient to absorb such massive production capacities? It certainly did. Hence, it has marshaled national resources to develop… https://t.co/YbUKHY8rR0 https://t.co/0IcDFGP8se
Some figures and one example of the #CCP's #Semiconductor “#GreatLeapForward” So, #overcapacity is not something new for China. #China #CCPChina #Chinanews #ChinaStory #ChineseSociety #AmazingChina #ChineseEconomy #ElectricVehicle https://t.co/gIEidd3B8m https://t.co/0IcDFGP8se
