Yellen called for European allies to cooperate to compete against China economic and t

(Brussels Comprehensive) US Treasury Minister Yellen also criticized China's economic and trade behavior again on Tuesday, calling on the United States and European allies to form a unified line on the issue of China after joint compete with Russia.

Yellen said to the Brussels Economic Forum on the same day that Western countries have common interests in encouraging China not to adopt the inappropriate economic behavior of everyone.The state bears a loan model for the burden of unsustainable debt.

She said: "We should all encourage China to give up a disgusted approach. If we can do this, we are more likely to compete with China in a fair environment, which is conducive to our companies and consumers."

Yellen warns that Western countries are too easy to be affected by those countries that use market position as a geopolitical advantage or disturb the market for their own interests. Today, Russia has regarded energy as a weapon, and many countries around the world depend on China in rare earth supply.At the same time, China has also established a considerable market share in certain technical products and seek to lead semiconductor production.

She pointed out that this may make the democratic market economy easily affected by geopolitics, but the use of more "Friend-Shoring" approach can reduce risks.

Yellen emphasized that cooperation against China is more effective than taking unilateral operations. "If you can't pull one by one among us, China will make positive response to a positive response."

On the issue of Ukraine, Yellen called on the European and international communities to give more financial support to Ukraine.She said that the aid invested by the international community so far is not enough to deal with the short -term demand of Ukraine. In addition to maintaining funds to maintain basic government services and economic operations, Ukraine must also start repairing key infrastructure.

Ukrainian President Zelei and International Monetary Fund previously said that Ukraine needs $ 5 billion (about S $ 6.9 billion) in the short term.

Seventh Kingdom Group (G7) Finance Minister's financial minister in Germany this week, it is expected that a total of 15 billion euros will be supported by Ukraine.