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  • Yellen says G7 to discuss responses to China's excess industrial capacity

    From yahoo.com

    U.S. Treasury Secretary Janet Yellen said on Thursday that G7 finance ministers will discuss their concerns about China's excess industrial capacity and potential responses, adding that without policy changes in Beijing their economies will be hit with a flood of cheap Chinese goods. "This week will be a key opportunity to discuss how China’s macroeconomic imbalances and industrial overcapacity can affect our economies," Yellen told a news conference ahead of a Group of Seven finance meeting in Stresa, Italy. "We’ll also discuss our responses and the approaches that we’re taking to raise these concerns ... (full story)

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Excess industrial capacity should be punished.
Janet is only about 50 years to late as this has been happening for the past 50 years driving jobs out of the west and into China.
Quoting dantpm
Janet is only about 50 years to late as this has been happening for the past 50 years driving jobs out of the west and into China.
The west wanted cheap, the east gave it to them, whipped the rug right out from under there feet. And with western money, invested and built a future, steady steady. Go to any Walmart, most things made in China... the gift that keeps giving. "Thank you lazy west" says China
Emotional Control. Process, not outcome.
Quoting Vancarbon
{quote} “ their feet “ not “ there feet” Cheers
Amazing. Thanks. Maybe I should have wrote the response in Chinese
Emotional Control. Process, not outcome.
Quoting Vancarbon
{quote} Crack on . 他們的腳 llol
Emotional Control. Process, not outcome.
Quoting Vancarbon
{quote} Sorry old chap . Didn’t mean to hurt your feelings, I was simply trying to be helpful. Obviously hurt your pride.
It was just the poor Google translate, but the Idea was (kinda) funny.

By the way... I actually have no idea what you are talking about. I seem to have offended you with my comment on the story, as you are replying completely out of context.

Late here, good night. Chat tomorrow if you like on the story content
Emotional Control. Process, not outcome.
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  • Posted: May 23, 2024 5:26am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 8  /  Views: 7,111
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