YEllen, who is planning a second tour of China as head of finance for President Joe Biden’s government, said today that she will convey her views to her Chinese counterpart, in particular that China’s growing production of ‘green’ energy also poses risks “for the productivity and growth of the Chinese economy”.
As a result, it announced that it would “pressure” the Chinese counterpart “to take the necessary steps to resolve the matter.”
China is the dominant player in electric vehicle batteries and has a rapidly expanding automotive industry that could challenge established producers as it internationalizes.
The International Energy Agency, an intergovernmental organization based in Paris, pointed out that in 2023 China accounted for around 60% of global electric car sales.
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* Study by e Netsonda, Nov. and ten. 2023 product of the year – pt.com
Tags: Yellen criticizes China unfair competition distorts prices
