US Treasury Secretary Janet Yellen warned China’s leaders that the nation’s manufacturing power is a threat to global economic stability. Next week Washington has a chance to rally more countries to its cause.
China’s support for its domestic industries has drawn complaints from competitors since it joined the World Trade Organization two decades ago. They argue that direct and indirect government support has kept costs down and exports cheap.
“stop being so good at producing stuff! it’s not fair!”
“stop being so good at producing stuff! it’s not fair!”
Such a good thing all those companies offshored so much 30-40 years ago for that sweet sweet short term profits