Yellen Calls for EU-US Cooperation to Counter Surge in Chinese Green-Tech Exports
U.S. Treasury Secretary Janet Yellen has called on the European Union to collaborate with the United States in addressing the surge of Chinese green-tech exports, warning that the influx threatens …
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I hate this fucking planet, "counter" green energy ? For fucking real ? They all need to die in capitalist hell.
She's the Treasury secretary. The point isn't about reducing green tech, it's reducing Chinese competitive advantage. She's calling for the us and eu to ramp up production. As policy, they are trying to buy time, by blocking Chinese access to Western markets in the meantime.
They believe China is massively subsiding this push with a specific intention to destabilize and blow out western markets. So by reducing Chinese access to Western markets, while also making Western markets more competitive, they believe they can improve their geopolitical position.
Believe that or don't, but as a federal Western policy maker, that's their take.
Indeed, the mile high view is that in the meantime, folks who want affordable greener tech will have less access to it, and that is a bummer
The US has subsidized Tesla alone more than China has subsidized all their electric car companies combined. They don’t believe China is massively subsidizing the market for green tech, they believe that they are unable to compete on a fair playing field and so will attempt to tip the scales in their favor.
"fair" dude this is naked geopolitics. Edit Every country does it.
I provided a description of their actions, based on their public statements.
Edit not my opinion on the validity or background facts of those actions.
That's not what is critizised here, is it?
I might misunderstand but I thought the cheap production of necessary components for green energy coming from China, only possible by shortcuts of reducing worker rights or otherwise exploitation of ressources, should be countered.
Do you really think this is why they're against it ?
I'm not saying we should encourage pour working conditions, but there's a lot of things that are exaggerated or straight up lies and we as "the north" should stop pointing fingers at other countries that do much more than us for the green transition. There's a lot of lies being spread regarding and, there's green hardware being produced there but also a lot of research and r & d.
High ranking business man are more scared of China being ahead tech wise rather than production wise, and with all the microchip drama this is bound to happen.
I also agree with you. I think it is one of the factors at play here. But your argument is a big one, too. We outsourced a lot of production and thus knowhow which they have adopted and improved upon. The possibility of a tech wise dependence on one nation gives a lot of power to those, which is also why certain technology sectors should be brought back.
So you say that is the reason for this decision?
Thank you for answering my question.
I agree with you too, we definitely should produce our own technology as it is much wise for many many reason, but I'm still convinced this is no reason to try to blockade other country's imports.
And, yes i am convinced this decision is a 100% about money.
You're welcome, not sure my take on things is worth anything but thanks for giving it your attention!
Workers rights in China are one of the only places in the world that actually are gaining more rights and protections, year over year. This isn’t the 80s anymore.
Thanks a lot, this is very insightful.
Thank you for this article, really insightful. That's good news.
No worries, it’s only one example also. They have better maternity laws than my country, better sick time laws, better overtime pay, better holiday pay, more holidays. It’s not perfect, nowhere is, but it’s not the land of sweat shops most would have you believe it is.
You really think that the absolutely massive output of China that is dwarfing the West's output is because of a reduction in worker's rights when compared to the West?
Massive production efficiencies via automation that the Chinese lead the world on have nothing to do with prices no?
They've also been heavily investing in green tech for years way more than the US, so it's probably related.
Foxconn factory had people throwing themselves off the roof of the building because of working conditions. The US gave them a sweet deal to build a plant in Minnesota/Michigan i think. We literally rewarded them.
