China’s ‘Overconcentrated Supply Chains’ Threaten US Jobs, Green Investments: Yellen

China’s “overconcentrated supply chains” threaten U.S. jobs and the current administration’s enormous investments in the nation’s green energy industry, says Treasury Secretary Janet Yellen. Speaking to the Economic Club of New York on Thursday, Ms. Yellen warned that Beijing’s trade policies “may interfere significantly with our efforts to build a healthy economic relationship.” “The scale of China’s subsidies and industrial policies is hard to quantify due to lack of transparency, but even conservative estimates suggest that they far exceed that of other countries, which is why we see economies ranging from advanced to emerging markets launch trade investigations,” she said in her prepared speech before Wall Street executives and business leaders....