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.
TECH NEWS News: China's new guidelines post US-China trade war prioritize domestic processors over Intel and AMD for government computers, promoting self-reliance. Th