“It is important to the president and me that American firms and workers can compete on a level playing field,” Ms. Yellen said. “We have raised overcapacity in previous discussions with China, and I plan to make it a key issue in discussions during my next trip there.”
She added: “I will press my Chinese counterparts to take necessary steps to address this issue.”
China, which invested more than $130 billion in its solar sector last year, has voiced its own frustration about America’s manufacturing investments. Buyers of electric vehicles that contain components made in China, Russia, North Korea or Iran are not eligible for generous U.S. tax credits.
China allows America to put on a clown show in the same way you talk calmly to a child throwing a tantrum. It's not for the benefit of the Americans, it shows the unaligned countries that China has mature and predictable foreign policy, while also allowing America to embarrass itself with increasingly irrational allegations.
In other words: