Title: "Renewable Energy Sector: Chinese Production Exceeds Global Demand"

U.S. Treasury Secretary Janet Yellen confirmed today, Tuesday, that "concerns about China's oversupply of key environmentally friendly technologies will be a top priority at the upcoming G7 Finance Ministers' meeting." Yellen stated that Chinese production in areas such as electric vehicles, batteries, and solar panels vastly exceeds global demand. She added that this surplus "poses a threat to the development of clean energy industries worldwide," noting that the issue "will be a focal point of the G7 meetings in Italy later this week." G7 finance ministers are scheduled to meet in Stresa, Italy, starting Thursday.