Yellen in China to press officials on industrial subsidies
US Treasury Secretary Janet Yellen arrived in China's Guangzhou on Thursday for meetings to press Beijing over fears the country's industrial subsidies for green energy, cars and batteries could flood global markets with cheap goods.Asked about the US's own subsidies for its clean energy industries, the Treasury official said American efforts do not risk flooding the global market, noting that the scale of Chinese subsidies is "much larger".
Source: yahoo.com
