Yellen to Meet with China, Raise Concerns Over Industrial Overcapacity

Yellen to meet with Chinese officials, will convey overproduction in sectors like EVs and solar is unhealthy for China and concerning to U.S. and other economies

China doubling down on investments in high-tech manufacturing capacity despite global oversupply

Excess capacity staggering - auto industry can produce 10 million more vehicles than needed annually; solar panel prices down 42% on oversupply

Yellen to argue overinvestment bad for China, should support households and consumer spending instead

Chinese officials likely to push back, blame demand downturns, not overinvestment, for overcapacity