U.S. Treasury Secretary Janet Yellen has expressed concern over China's overproduction of clean energy goods, stating that it creates an unfair playing field and puts American workers and businesses at risk. She emphasized the need to address this issue and mitigate its impact.‍

The Breakdown 

Yellen's comments highlight the potential negative consequences of China's overproduction of clean energy goods, including the risk of companies in the U.S. and other countries going out of business, while Chinese firms continue to receive support.

China's massive investments in advanced manufacturing of clean energy goods have led to overproduction, which poses risks to global supply chains and creates an unfair advantage for Chinese firms. The U.S. is seeking to engage in dialogue with Chinese officials to address this issue and mitigate its impact on workers and businesses.