A Trader’s Guide to China Stocks in Focus as Yellen Visits
- Yellen starts meetings in Guangzhou on Friday, to Beijing next
- China accounts for more than 90% of global solar cell output
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US Treasury Secretary Janet Yellen’s mission to address the threat of cheap China exports is set to increase pressure on the nation’s makers of solar panels, electric cars and batteries.
Already, major producers like Longi Green Energy Technology Co. and BYD Co. have underperformed the broader MSCI China Index this year as they struggle with domestic price competition or overcapacity.