( ) -q-28- UNDATED (Correspondent Jeremy House) “among other issues.” Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector. [CutID: <Cuts> YELLEN-CHINA-house-q-FRIam.mp3 Time: 28s Title: YELLEN-CHINA-house-q-FRIam Out-cue: among other issues] TAG: Correspondent Jeremy House reporting. Yellen spoke […]
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Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship
( ) -q-28- UNDATED (Correspondent Jeremy House) “among other issues.”
Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector.
[CutID: <Cuts> YELLEN-CHINA-house-q-FRIam.mp3
Time: 28s
Title: YELLEN-CHINA-house-q-FRIam
Out-cue: among other issues]
TAG: Correspondent Jeremy House reporting. Yellen spoke Thursday at the Economic Club of New York.
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VERBATIM: The treasury secretary says there is particular concern that China’s green energy products will undermine massive climate-friendly investments made through the Inflation Reduction Act that President Biden signed into law in August 2022. Yellen pointed to the share of Chinese manufacturing firms losing money. She also cited high savings rates for China in comparison to other OECD countries and restrictive investment policies, among other issues.