"Yellen Warns China Against Distorting Global Markets with Cheap Clean Energy Exports"

1 min read
Source: Bloomberg
"Yellen Warns China Against Distorting Global Markets with Cheap Clean Energy Exports"
Photo: Bloomberg
TL;DR Summary

US Treasury Secretary Janet Yellen criticized China for heavily subsidizing its priority industries, such as electric cars and solar production, in an effort to achieve global dominance, which she believes distorts the global economy. Yellen plans to address this issue during an upcoming visit to China.

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