The International Monetary Fund (IMF) and World Bank have raised concerns over China's excessive production of clean energy goods, urging for measures to address the issue. This comes as Treasury Secretary Janet Yellen emphasized the need to mitigate China's overproduction in this sector.
China has been a global leader in the production of clean energy products such as solar panels and wind turbines. While this has contributed to the growth of renewable energy sources worldwide, the surplus production has led to concerns about market distortions and unfair competition.
