China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting many of those same industries in the United States.
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Chinese automaker BYD had recently introduced an electric SUV at the "astonishingly low" price of $14,000. China's auto industry poses an "existential threat" to U.S. carmakers, the report argued.
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After more than a decade of subsidizing its automakers, China has built a substantial car industry that accounts for 60% of global electric vehicle sales, according to the Paris-based International Energy Agency.
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Yellen highlighted the Biden administration's concerns by recalling a visit a week earlier to Suniva, a solar cell manufacturer in Norcross, Georgia.
The company "was once forced to close down, like other companies across a number of industries, because it could not compete against large quantities of goods that China was exporting at artificially depressed prices," Yellen said.
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China hasn't committed to any steps to address American concerns, arguing that its cheap solar panels and other green products are helping the world wage the costly battle against climate change.
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Why does it matter if US green manufacturing is quashed? You could've said the same thing for US dominance in the combustion car industry starting from Ford, for US dominance in the tech industry for decades, for US dominance in the media industry...
Why is green energy somehow different? Cheap Chinese solar panels and EVs decrease cost of living for Americans. They decrease inflation. The only con is that they prevent more jobs from being created in green manufacturing in the US... But even then, that's only because the US doesn't let Chinese companies in.
Are you that much of a corporate apologist that you would rather people starve in the name of corporate profits than buy Chinese goods?
If you don't understand the human rights element to the discussion then do some research. That's all their pointing out.
Any industry that is subsidised by any government shouldn't really be exported imo.
We're talking about the country that constitutionally protects the right to slavery, right?
We're also talking about the same country that gives semiconductor companies billions of dollars, EV companies billions of dollars, and cuts tax breaks to pharmaceutical companies, right?
Wait... Which country are we talking about?
if you think there is a human rights element to the discussion, and its not about the USA and their allies (like israel), then you need to do some research.
I totally agree, we need better human rights all round so defaulting to the cheapest and worst seems funking stupid.
Edit: oops didn't notice which world news this is, what a surprise.
Fortunately we're moving towards not defaulting to imperial core countries anymore.
We're moving towards a country that has lifted 800 million people out of poverty so far and prioritizes workers over capitalists.
*cheapest and the best
Lol solarpunk dude opposing cheap solar energy.
Opposing artificially cheap, cmon now, pay attention.
According to US government idiots, cmon now, pay attention.
This is the stupidest thread I've seen since reddit. Congratulations.
It's true, you singlehandedly manged to pack an incredible amount of stupid into this thread. We all lost some brain cells reading your drivel. Congradulations!
Everything humans make is by definition artificial. Cope harder!
If it's about Xinjiang then:
The US’s “Uyghur genocide” (“cultural” or otherwise) disinformation campaign has already been debunked several times over.