Yellen Raises Concerns Over China's Overproduction of Clean Energy Technology and Impact on U.S. Jobs; China Open to Further Economic Talks
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Yellen raised concerns about impact of Chinese overproduction of EVs, solar panels, other clean energy on U.S. and global producers and jobs
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China's EV production capacity outpaces demand; subsidies have helped Chinese automakers gain market share globally
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Yellen said U.S. and China have duty to manage complex relationship responsibly through direct communication
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Chinese Premier Li said countries should be partners, not adversaries; touted constructive progress in relations
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Li open to having economic teams explore China's excess industrial capacity issue further with U.S.