Posted 11/14/2023, 7:00:14 AM
Yellen Raises Overcapacity Concerns with China, Emphasizes Managing Economic Ties at APEC Summit
- Yellen discussed oversupply risks in key Chinese industries with China's Vice-Premier
- She raised concerns about overinvestment in green energy leading to overcapacity
- This overinvestment has already led to falling polysilicon prices
- Yellen said APEC members discussed the Chinese economic slowdown and global impacts
- She emphasized managing the US-China economic relationship during the summit
- Yellen wants to build on progress made in communication and stabilization with China