Janet Yellen visited China in a hurry
China new products, EV, battery power and solar panels are over capacity.
Yellen emphasis above statement before she visited China.
Green energy products are keys for human kind to tackle global warming.
But politicians speak from their own positions.
Actually US don't really care EV because US Automobile business were out of international market already. It is hard to find US car outside of US. Japan and Europe car beat US cars many years ago.
And it is not US Treasury Secretary Janet Yellen's job, to discuss products import/ export.
Yellen real purpose to persuade China to buy US T-bill. Yellen need Chips to make it comes true.
When US Fed cut rates, US dollars fly out, a big chunk USD will change to RMB. US need China to use extra USD to buy US T-bill. It can remain international harmony.
If China use those extra USD to buy natural resources, agriculture land, port all over world, It will create financial chaos, hegemony of US dollars become The Emperor's New Clothes.$LION OCBC HSTECH ETF S$(HST.SI)$
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- am56·04-11don't forget tesla. u r PRC?LikeReport
- Fenger1188·04-11谢谢分享👍🏻1Report
- DaisyMoore·04-11The points about green energy and US car industry very interesting.1Report