Amid concerns about a glut of artificially cheap clean tech exports, Beijing and Washington have agreed to talks to try to shore up improving relations.
The United States will not accept another wave of cheap Chinese goods that flood global markets and hurt both American businesses and American workers, U.S. Treasury Secretary Janet L. Yellen said in Beijing on Monday at the end of a four-day visit through the country.
But the positive tone has been undercut by rising concerns in Europe and the United States about a surge of cheap Chinese exports — most notably green technologies but also ofAnalysts have warned of a repeat of the “China shock” that hollowed out American manufacturing in the 2000s if China continues to pump money into manufacturing to“China is now simply too large for the rest of the world to absorb this enormous capacity,” Yellen said.
But Beijing has bristled at any suggestion of a solution that harms its emerging dominance in the technologies needed to curb reliance on fossil fuels and the greenhouse gases they emit when burned.
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