Yellen intends to warn China on clean energy subsidies, excess production capacity

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WASHINGTON, March 27 - U.S. Treasury Secretary Janet Yellen said on Wednesday that she intends to warn China about the negative effects of Beijing's subsidies for its clean energy industries, including solar panels and electric vehicles, during an upcoming visit to China.

"I intend to talk to the Chinese when I visit about overcapacity in some of these industries, and make sure that they understand the undesirable impact that this is having, flooding the market with cheap goods on the United States, but also in many of our closest allies,"The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc.

Source: Energy Industry News (energyindustrynews.net)

 

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