Yellen: China acknowledges overcapacity concerns in clean energy sector

Chinese officials have acknowledged concerns voiced by the U.S. and others about overcapacity in green technology industries, Treasury Secretary Janet Yellen said this week, though Chinese government officials contend the world needs China’s production to fuel a more climate-friendly economy. Yellen was in China earlier this month, repeatedly raising U.S. concerns about Chinese overcapacity and striking an agreement to launch a dialogue on balanced growth. On Thursday, the Treasury secretary claimed Chinese officials “have actually acknowledged the problem and in...