https://www.google.com/amp/s/amp.sc...apacity-spat-put-hopes-common-ground-question
Like that still can talk hah?
Like that still can talk hah?
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Auntie Yellen tell Tiongkok in the face...U have overcapacity problem, kym?
- Thread starter k1976
- Start date
Janet Yellen in China: ‘difficult conversations’ and an overcapacity spat put hopes for common ground in question
- US Treasury secretary says Beijing needs to make policy changes, while warning that Washington and its allies fear ‘global spillovers’ from China’s trade actions
- After flagging the risks of overcapacity in December, Beijing is now pushing back against the West’s ‘groundless’ accusations
Against the backdrop of intensifying divisions over China’s overcapacity in green technology exports and “difficult conversations” on national security, US Secretary of the Treasury Janet Yellen wound down her China trip by flagging potential opportunities for cooperation during upcoming economic and financial working groups.
And before her planned departure on Tuesday, Yellen on Monday also highlighted an area in which the two economies were able to find common ground, via a new anti-money-laundering working platform that the US Treasury established with the People’s Bank of China (PBOC) during the trip.
But much of the attention during Yellen’s visit was on her insistence that China address its industrial overcapacity issues, particularly in regard to new-energy vehicles and solar modules, which she warned could be a repeat of what happened when China’s below-cost steel flooded into the global market a decade ago.
“I’ve made clear that President Biden and I will not accept that reality again,” she said during a news conference at the US ambassador’s residence on Monday afternoon in Beijing. However, she also made a point of reiterating Washington’s position that it was not looking to “decouple” from China.
US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says
https://apnews.com/article/china-us...trial-policy-ab1b8fbef365352096492206e532c7c6
U.S. Secretary of Treasury Janet Yellen once again stressed the issue of overcapacity after concluding her meetings with Chinese officials on Monday. Speaking to reporters at the U.S. Ambassador’s residence in Beijing, Yellen said China’s economic overcapacity could harm foreign firms.
BY FATIMA HUSSEIN AND KEN MORITSUGU
Updated 6:57 PM GMT+8, April 8, 2024
BEIJING (AP) — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials.
She also said in Beijing they had “difficult conversations” about national security, including American concerns that Chinese companies are supporting Russia in its war in Ukraine.
But the focus of her trip was industrial policy, and what the U.S. and Europe describe as manufacturing overcapacity in China. Wealthy nations fear a wave of low-priced Chinese exports that will overwhelm factories at home.
Yellen cited the manufacturing of electric vehicles and their batteries as well as solar energy equipment — sectors that the U.S. administration is trying to promote domestically — as areas where Chinese government subsidies have driven rapid expansion of production.
Anything the swamp/globalist/cabal does towards the chicons are pure BS
Hahaha. China CCP don't want to rescue their own consumption to drive the economy but export their cheap product overseas like cars,solar panel and cheap chips so that it will actually export their way out of misery. Built infrastructure out of downturn.
Knn these CCP has the best answer to their economy woo but choose to export and push themselves into extreme corner.
Knn these XJP is really following the footsteps of mao Zedong. All these 小粉红 has now become 红卫兵。
Knn these CCP has the best answer to their economy woo but choose to export and push themselves into extreme corner.
Knn these XJP is really following the footsteps of mao Zedong. All these 小粉红 has now become 红卫兵。
They want to flood the world with cheap product and have ultra high refresh product intervals eg EV launching at IPhone replacement cycle
But the problem is that The wheel is not ready for it. There's no such need. Their product is unrevolutionary, except that they are cheap. You just change frequently.
But the problem is that though the product is cheap comparatively, people needs/habit and income might not be able to take that kind of rapid change.
They have the best solution under their nose. The solution is their own people. The massive consumption of 1 billion people at any given time. Who can f****** beat that? But instead this communist fear their own people that they might rise and dispose CCP.
THE CCP IS Just trying to slow changes but they are not and not willing to adapt to time and changes.
basically means price dumping on ev and battery products to kill off all the world’s competitors.
Actually now that EVs are being demonised...the chicon bet on EVs is shaky...but of course got singkieland to bet on the chicons as singkieland has already banned ICE vehicles In the future
whatever the ccp touches turns to shit.
Yellen is trying to imitate Tonya Harding.
Actually sh sai...the chicons are the real enemy to the free world. But the issue I see from the free world is they like dissing chicons land . Their small cock ups make it big n their strengths are played down...whereby the west or free world is actually weakening. Look at how dysfunctional Yankee land has become....the internal issues etc with the woke crowd policies is actually destroying Yankee land from within. N alot of things chicons land does to the world...the world cannot do to chicons land.
For example...chicons land does not allow foreign tech firms etc to be in chicons land . No Google, fuck book etc, but chicons companies free to operate the whole world over...for eg tik tok...and the tik tok senate enquiry was a fucking joke...like the yanks don't care about what happens on their back yard. The yanks can easily ban tik tok telling the chicons.... u ban us....we ban you...instead they kpkb but do fuck all...no wonder the chicons despite their problems are still around...of course the globalists cabal wants the chicons to be around...hence chicons land has been supported by the cabal till this day
Yellen is correct.
China is a central control economy. The hq says go into batteries or car solar / renewable or EV and provincial gomen will oblige, create their own provincial gomen company, or help a private start up to go into these industries by giving incentives and financing.
China is a central control economy. The hq says go into batteries or car solar / renewable or EV and provincial gomen will oblige, create their own provincial gomen company, or help a private start up to go into these industries by giving incentives and financing.
End up each province got their own EV, solar, wind turbines each competing with one another.
Mao planned economy core with a Free Market Shop front + True News Media loh
Probably Cina is not well versed in real research....more good at copy paste technique?
It wasn't like this previously. under deng xiao peng, economy grew from the bottom up. But they insist those companies targeting chinese consumers must have local jv, mostly with provincial gomen owned companies.
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