Yellen Visits China to Address Trade Concerns, Overcapacity in Industries Like Solar and EVs
• Yellen visiting China to discuss "unfair trade" and "industrial overcapacity" • Comes as Biden and Xi had call discussing similar issues; Blinken visiting later • Flood of cheap Chinese exports, like EVs, solar panels, threatens other countries • China's overproduction and subsidies make it hard for others to compete • Paradox China top polluter but sells cheap clean energy tech to West with climate targets