Yellen to warn China of industrial oversupply risks

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WASHINGTON, March 28 ― A surge in cheap exports from China in industries like electric vehicles could create an oversupply and hurt economies, US Treasury Secretary Janet...

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In her speech in the southern US state of Georgia, Yellen touted the benefits of President Joe Biden's landmark Inflation Reduction Act and highlighted major business investments that have been announced in response.But she also raised concerns about the impact that China's excess industrial capacity could have on other countries.

The fear is that overcapacity could distort global prices and production, impacting companies and staff.

 

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