She intends to convey the undesirable effects of Beijing's subsidies, including market flooding with cheap goods, on the US and its allies.

Yellen's visit comes after a Suniva solar cell manufacturing plant in Georgia, which closed due to competition from subsidized Chinese solar panels, announced its reopening due to anticipated demand from the 2022 Inflation Reduction Act's tax credits for US-made clean energy technology.

Suniva and Heliene, two solar panel manufacturers, announced a $400 million deal to produce fully US-made solar panels over three years.

This collaboration will allow solar project developers to receive a 10 percent bonus credit on top of the existing 30 percent tax credit for using US-made panels.

Treasury Secretary Janet Yellen expressed concerns about China's overproduction of solar panels, EVs, and lithium-ion batteries, which she believes is distorting global markets and harming jobs in other economies.

Yellen is expected to travel to China in April to discuss these issues, but the Treasury Department has not confirmed her travel plans.

The US Treasury Secretary, Janet Yellen, expressed concern over China's excess capacity, which poses risks to the American economy, global economy, and Chinese productivity and growth.

She plans to urge Chinese officials to address this issue.

China's excess capacity has led to a surge in exports as demand at home remains weak, while the US is investing heavily in clean energy to reduce reliance on China for crucial components like batteries.

Treasury Secretary Janet Yellen discussed the Biden administration's economic agenda during a press conference, using the Suniva plant as an example of how it's lowering energy costs and boosting growth in strategic industries.

She also mentioned advocating for China to shift its economy towards more consumer spending but didn't want to discuss potential retaliation against China's policies.

Yellen stated that similar concerns exist in Europe, but the focus is on constructive actions rather than retaliation.