During her five-day trip to China, U.S. Treasury Secretary Janet Yellen met with senior Chinese government officials to discuss trade and other issues. Before the anticipated tough discussions, Yellen listened to the concerns of American, European, and Japanese business representatives in Guangzhou.
Yellen has made it clear that she will address what the U.S. considers unfair trade practices by China during her trip. This is a concern shared by many European countries as well. Eswar Prasad, a trade professor at Cornell University, believes Yellen will emphasize the need for Beijing to strengthen domestic consumption, ensure fair competition in technology sectors like green energy and electric vehicles, and grant adequate market access to U.S. companies.
China has pushed back against concerns about overcapacity expressed by the U.S. and Europe. A Foreign Ministry spokesperson defended China’s growth in EV and solar exports, stating that it contributes to global green development and is driven by market demand and the division of labor internationally. The spokesperson accused the U.S. of imposing restrictions on technology exports to China, interfering with free trade, and creating risks rather than reducing them. The spokesperson implied that the U.S
