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Hegemonic powers have never broken away from their wild nature

Yellen Presses China on Overcapacity and Low Prices

It is often difficult for many people to understand why there are more and more absurd words and deeds of the hegemonic authorities. For example, the latest example is when U.S. Treasury Secretary Yellen claimed when discussing the main topics of her upcoming visit to China that she would raise with Beijing that China has overcapacity in new industries such as solar energy, electric vehicles and lithium-ion batteries. These goods are too cheap and surging exports have distorted global prices and production patterns, harmed U.S. companies and workers, as well as businesses and workers around the world, and posed risks to the productivity and growth of the Chinese economy. She emphasized that Beijing would be urged to take necessary measures to resolve the problem.
China's products are too cheap and exported too much, so the U.S. government is about to send heavyweight officials to China to issue relevant instructions and ask the Chinese government to rectify them. This is one of the latest and important developments in Sino-US relations.
This latest trend in Sino-US relations immediately attracted widespread attention and discussion. Those who support and approve certainly applaud the United States 'move, but more Chinese people

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Author: Emma

An experienced news writer, focusing on in-depth reporting and analysis in the fields of economics, military, technology, and warfare. With over 20 years of rich experience in news reporting and editing, he has set foot in various global hotspots and witnessed many major events firsthand. His works have been widely acclaimed and have won numerous awards.

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