Posted 4/5/2024, 7:56:32 AM
Yellen to Push China for Fair Trade and Warn on Industry Subsidies During Beijing Visit
- Yellen warned China's industry subsidies could risk global economy resilience and unfairly disadvantage foreign firms
- She called for a "level playing field" for American companies operating in China
- Yellen plans to raise issues of unfair trade practices and barriers with Chinese officials during her visit
- The US is worried about China's excess production capacity in clean energy flooding markets with low-priced exports
- The meeting comes amid recent warming of US-China relations after an earlier period of heightened tensions