U.S. Treasury Secretary Janet Yellen has revealed that she intends to warn Beijing that its national underwriting for energy and other companies is creating oversupply and distorting global markets when she pays the country an official visit.
5% in 2020 to 45% in 2021, adding that they would probably increase to 90% in the near future. Other than heavy investments and subsidies, Beijing has started taking extra measures in order to maintain its leading status and global market share in renewable energy manufacturing. Last year, in a mirror image of what the U.S. has been doing with its semiconductor lithography technology, China amended its rules to ban the export of several core solar panel technologies.
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