Janet Yellen says Chinese overproduction of green goods put US and others at risk and disadvantage

[Saltwater60]

Hmm we’ve been saying this for years but it took the experts this long to figure it out. I’m impressed.

China's overproduction of clean energy goods needs to be mitigated, Yellen says — Reuters

U.S. Treasury Secretary Janet Yellen said on Tuesday that China's massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field that puts American workers and businesses at risk, and it needs to be mitigated.

apple.news

 

[TEOTWAWKI inc.]

And they have built up their military enough to be a formidable opponent...

NO FAIR!

 

[thughes]

Hmm we’ve been saying this for years but it took the experts this long to figure it out. I’m impressed.

China's overproduction of clean energy goods needs to be mitigated, Yellen says — Reuters

U.S. Treasury Secretary Janet Yellen said on Tuesday that China's massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field that puts American workers and businesses at risk, and it needs to be mitigated.

apple.news

Capitalism and market forecasting is a bitch, eh Janet? Ya snooze, ya lose.

The chinks flooding the market with cheap EV's is currently causing Elon a shit ton of heartburn....and revenue.

 

[Bigfoot]

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Don't trust China, China is asshoe !

 

[Bigfoot]

"Yellen, who visited China earlier this month, said the ongoing dialogue with Chinese officials had already led to progress in areas of common interest,"

10% for the Big Guy !

 

[SomeSoldier]

Whatever, they are not retarded. This is planned.

 

[Jmac00]

you can over manufacture everything, and still make a profit, when the .gov is subsidizing their entire economy.

 

[Saltwater60]

Capitalism and market forecasting is a bitch, eh Janet? Ya snooze, ya lose.

The chinks flooding the market with cheap EV's is currently causing Elon a shit ton of heartburn....and revenue.

Elon could have done it first but declined so I don’t feel bad for him. China is setting up EV manufacturing in Mexico right now.

 

[kev74]

Whatever, they are not retarded. This is planned.

They might be retarded.

 

[SonOfSun]

Wait, are you telling me that letting a foreign adversary like China cornering a cutting edge market is bad? Who knew!

What a bunch of fucking dopes.

WASHINGTON, April 16 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that China's massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field. .​

I love Janet's take. They invested a lot so now they have an unfair advantage. Uh, no. That's literally the point of investing. To improve your products/processes to gain a competitive advantage. Companies do this all the time, it's a cornerstone of business. You'd have to be retarded to think otherwise.

 

[thughes]

It's a damn good thing that we haven't off-shored any of our production of goods to the Chinese......otherwise we' be fucked.

 

[Saltwater60]

It's a damn good thing that we haven't off-shored any of our production of goods to the Chinese......otherwise we' be fucked.

Or made labor and environmental regulations so stiff that it doesn’t make sense to make things here anymore.

 

[TEOTWAWKI inc.]

They are also unfairly selling us all of those goods that we can't competitively produce here.

China knew what they were doing decades before this dipshit picked up on it. That's unfair too.

Why doesn't she just call a time-out so we can catch up?