A surge in cheap exports from China in industries like electric vehicles could bring “global spillovers,” US Treasury Secretary Janet Yellen is due to warn in a speech on Wednesday. She plans to raise the risks of excess capacity as a key issue in discussions during her next trip to China, and press Beijing to take “necessary steps to address this issue.” Yellen, who plans to take her second trip to China as Treasury chief this year, is expected to deliver these remarks in Georgia. She will also tout the benefits of President Joe Biden’s landmark Inflation Reduction Act and highlight major business investments that ... (full story)