•      Fri Nov 22 2024
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How to Tackle China’s Overcapacity Problem

Yang Yao BEIJING, APRIL 11 (PS) – During her recent visit to Beijing, US Treasury Secretary Janet Yellen criticized her Chinese counterparts, arguing that China’s government subsidies have led to overcapacity in crucial sectors like alternative energy and electric vehicles (EVs). This, she contended, provides Chinese companies with unfair cost