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Slamming China for capitalising on its manufacturing advantages to produce competitively priced exports is hypocritical and against the principles of free trade. ....
US Treasury Secretary Janet Yellen emphasized that the United States "will not accept" a scenario where underpriced Chinese goods flood global markets, potentially harming industries elsewhere. Yellen, wrapping up high-level talks in China, expressed concerns about China s excess industrial capacity, particularly in sectors like solar and electric vehicles, which could lead to a surge of cheap exports and disrupt global markets. While Yellen highlighted areas of cooperation with China, including climate change and debt restructuring, she also raised concerns about China s national security actions and urged transparency in its economic policies. ....