By Ellen Zhang and Joe Cash DALIAN, China (Reuters) -China’s Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the U.S. and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies. Li’s comments come […]
Credit: SMIC China’s semiconductor exports are growing, but today’s success might not be the clear victory that state media makes it out to be. Industry analysts believe that China’s chip sector may be reaching overcapacity and that supply will dwarf demand in the coming months. That could mean we see predictions of a price war […]
China should look to Africa to diversify its supply chains and counter overcapacity claims from the West, according to the head of the Africa Finance Corporation. AFC chief executive Samaila Zubairu said China, a world leader in renewable energy, should consider moving part of the industry’s supply chain to Africa, rather than seeing the continent […]
By David Lawder FRANKFURT (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that the U.S. and Europe need to respond to China’s industrial policies in a “strategic and united way” to keep manufacturers viable on both sides of the Atlantic. In remarks on the importance of the U.S.-European alliance in Frankfurt, Yellen said […]
By David Lawder FRANKFURT (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China’s industrial policies in a “strategic and united way” to keep manufacturers viable on both sides of the Atlantic. In remarks on the importance of the U.S.-European alliance in Frankfurt, Yellen […]
By Alessandra Galloni, David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Thursday that U.S. economic growth was likely stronger than suggested by weaker-than-expected data on first-quarter output and said the Biden administration was keeping all options open to respond to threats from China’s excess industrial capacity. In a […]
By Alessandra Galloni and David Lawder WASHINGTON (Reuters) -The Biden administration is not taking any options off the table to respond to China’s excess industrial capacity, which is a top concern for the U.S. and its allies, U.S. Treasury Secretary Janet Yellen told Reuters on Thursday. China exporting its way to full employment is not […]
BEIJING (AP) — U.S. Treasury Secretary Janet Yellen and her team are leaving China and returning to Washington after trying to tackle the major questions of the day between the countries. Here’s a look at what she tried to accomplish, what was achieved, and where things stand for the world’s two largest economies: UNFAIR TRADE […]