Janet Yellen voices concern about EV overproduction to China's vice premier

U.S. Treasury Secretary Janet Yellen told China's Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern.Yellen's remark at the opening of the meeting with He, China's economic policy chief, in Guangzhou, southern China, comes as she has expressed concerns about overproduction of Chinese electric vehicles that are flooding the global market, amid intensifying rivalry between the two nations."It also remains crucial for the two largest economies to seek progress…READ FULL ARTICLE