-- Treasury Secretary Janet Yellen suggested the US will retain the option to protect new industrial sectors against China after what she described as the Asian nation’s massive state investments in areas including clean energy.Yellen made the remarks while speaking with reporters Wednesday en route to China, which she’ll be visiting for the second time in nine months.
Yellen’s trip is partly aimed at pressing Chinese counterparts on the build-up of industrial overcapacity that poses threats to the rest of the world’s economies. She also wants to boost cooperation with Beijing on “shared challenges like illicit finance and climate change,” she said on X. Buckle up for a bumpy ride in the stock market, BMO Wealth Management’s CIO says. And he’s not the only one sounding the alarm
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