Published 1 month ago

Yellen Warns She’ll Confront China on Its Energy Subsidies

Summary by Ground News

U.S. Treasury Secretary Janet Yellen says Chinese subsidies for clean energy create unfair competition. Yellen said she intends to warn China its national underwriting for energy and other companies is creating oversupply and market distortion. She said outreach to businesspeople and governments around the world prompted her to issue this warning.

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Yellen Warns She’ll Confront China on Its Energy Subsidies

washington — U.S. Treasury Secretary Janet Yellen said Wednesday that Chinese subsidies for clean energy industries create unfair competition that “hurts American firms and workers, as well as firms and workers around the world.” Yellen said that during a visit she has scheduled to China, she intends to warn China its national underwriting for energy and other companies is creating oversupply and market distortion, among other problems. "I inten…

1 month ago·United States

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