China’s EV, solar exports a brewing source of tensions with US on Yellen’s visit

News Snapshot:

BEIJING - On her current trip to China, United States Treasury Secretary Janet Yellen gained Chinese fans for dining in a public area, rather than in a private room, at a modest Sichuan cuisine restaurant in Beijing. A video of her restaurant stop, where she ordered dishes such as mapo dofu, was widely viewed online. That moment of cordiality, however, did not mask a renewed source of tension between the two major powers that was in a key message that Ms Yellen carried to top Chinese leaders - China’s industrial overcapacity particularly in clean technology. Beijing’s manufacturing prowess in such...