Yellen calls for joint EU-US response to China's industrial overcapacity

US Treasury Secretary Janet Yellen has urged the EU to take immediate action to address the growing export levels of Chinese cut-price green technology, which she believes poses a threat to US and European industries. Additionally, she has called on German bank executives to intensify efforts to comply with sanctions against Russia and prevent circumvention attempts that could result in penalties and potential loss of access to the US dollar.