The US and allies could take action to counter China's 'economic coercion,' Treasury Secretary Janet Yellen says

• The US could take action against China's "economic coercion," Treasury Secretary Janet Yellen said.
• Measures include possibly extending limits on investments in China.
• Yellen's comments come amid growing tensions between the two superpowers. 

The US and other countries in the Group of Seven could take action to counter China's "economic coercion," according to Treasury Secretary Janet Yellen.

In a press conference at the G7 meeting of Finance Ministers and Central Bank Governors on Thursday, Yellen said that the US had been mulling a counter measures against China's coercive economic policies for awhile, potentially with the coordinated help of other countries.