Yellen says G7 to discuss Chinese overproduction

Frankfurt, Germany (AFP) May 21, 2024

United States Treasury Secretary Janet Yellen said on Tuesday that concerns about Chinese overproduction of key green technologies would be a key topic at a forthcoming meeting of G7 finance ministers. Chinese production in areas such as electric vehicles, batteries and solar panels "significantly exceeds global demand", Yellen said in a speech in Frankfurt. The excess capacity "poses a