Yellen Warns China of Risks from Distorting Clean Energy Market

• Yellen says China's rapid growth in green energy industry is unfair competition that distorts global prices and hurts firms in US and globally

• Yellen plans to convey to China that its increased green energy production poses risks to China's own productivity and growth

• China dominates global electric vehicle battery production and electric car sales, challenging established automakers

• Closed Georgia solar plant reopening partly due to incentives in Democrats' Inflation Reduction Act

• China filed WTO complaint against US over electric vehicle subsidy requirements; EU also investigating Chinese subsidies