Yellen to Confront China Over Energy Subsidies Hurting Global Trade

• Yellen plans to confront China about energy subsidies that give Chinese companies unfair advantages and hurt other countries • She will visit China in April and warn that the subsidies are causing oversupply, market distortion, and flooding markets with cheap goods • The subsidies help China dominate markets for solar panels, EV parts, batteries, distorting production and prices globally
• Yellen believes the excessive capacity poses risks to China's own productivity and growth • She aims to have a constructive dialogue with China after hearing concerns about the subsidies from governments and businesses worldwide