"Yellen Raises Alarm Over China's Green Energy Industry Distorting Global Economy"

Treasury Secretary Janet Yellen criticizes China's rapid expansion in green energy industries, citing unfair competition that distorts global prices and hurts American firms and workers. Yellen plans to address these concerns during her upcoming trip to China, emphasizing the risks to productivity and growth in the Chinese economy. China's dominance in electric vehicle batteries and its filing of a WTO complaint against the U.S. over electric vehicle subsidies have raised international concerns, with the EU also launching an investigation into Chinese subsidies for electric vehicles. Yellen's remarks reflect strained U.S.-China economic relations, contrasting with Chinese leader Xi Jinping's call for closer trade ties with the U.S. amid ongoing trade disputes and accusations.