Yellen says China’s rapid buildout of its green energy industry ‘distorts global prices’


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Open this photo in gallery: U.S. Treasury Secretary Janet Yellen testifies during a Senate Finance hearing to examine President Joe Biden's proposed budget request for fiscal year 2025, on March 21, in Washington.Mariam Zuhaib/The Associated Press U.S. Treasury Secretary Janet Yellen called out China’s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition that “distorts global prices” and “hurts American firms and workers, as well as firms and workers around the world.” Yellen, who is planning her second trip to China as Treasury secretary, said Wednesday in Georgia that she will convey her belief to...