
U.S. Treasury Secretary Janet Yellen warns about China's industrial push risking global economic destabilization and diluting green-energy exports. Yellen emphasizes the need to address China's 'massive subsidies' on clean energy products and urges China to tackle overcapacity issues. China's shift towards consumption-led growth is highlighted, with concerns raised about diminishing returns from further investment. Yellen aims to stabilize the U.S.-China relationship and plans to explain the undesirable impact of Chinese subsidy policies during her visit to China.
Cleaner power sources should eventually dominate the global power mix, though fossil fuels will continue to be required, according to China’s top climate diplomat https://t.co/oYprUw2Jhz
“After over two decades of strong investment-led growth, China now needs consumption-led growth. Further investment will have diminishing returns unless China can consume more at home. Yet over the past two years, the opposite has happened.” https://t.co/WmAVj5GvwM
Yellen to urge China to address overcapacity issues https://t.co/EckddwFTX0






