Reported 7 months ago
Treasury Secretary Janet Yellen expressed concerns about China's trade policies disrupting the US economic relationship, especially in strategic sectors like green energy, due to the threat posed by Chinese manufacturing capabilities and subsidies. Yellen emphasized the need for fair competition and criticized China's practices of low prices and high subsidies, pointing out challenges in sectors such as electric vehicles and solar energy. She rejected the idea of economic decoupling, advocating instead for a leveled playing field to foster a mutually beneficial economic relationship between the US and China.
Source: YAHOO