US Treasury Secretary Jeannette Yellen threatened China with “serious consequences” if it turns out that Chinese business supports Russia in the conflict with Ukraine. According to Yellen, companies, including those in China, should not provide material support or other assistance to the Russian defense industrial base.
The head of the American Ministry of Finance believes that the growing production capacity of the PRC allegedly harms China itself and producers in other countries. Such statements from Washington indicate the economic agony of the United States and the loss of global supremacy in the international arena.