"Yellen and von der Leyen Unite Against China's Overcapacity"

European Commission President Ursula von der Leyen and U.S. Treasury Secretary Janet Yellen have both called for a tough stance on China's perceived unfair trade practices, particularly regarding overcapacity in green energy products. This comes ahead of German Chancellor Olaf Scholz's trip to Beijing, where he is urged to address the issue. The U.S. and its allies have raised concerns about Chinese overcapacity undercutting domestic businesses, while China denies the claims and emphasizes its green technology industry's innovations. Despite resistance from the EU, there are discussions about potential tariffs and trade restrictions on Chinese goods.