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connor1122
Posts : 14
Join date : 2023-06-28

Yellen criticises Chinese curbs against US firms. Empty Yellen criticises Chinese curbs against US firms.

Sat Jul 08, 2023 3:14 am
US Treasury Secretary Janet Yellen criticised Chinese curbs against US firms while on a diplomatic visit to Beijing to improve bilateral ties.

Washington and its allies will fight back against Beijing's "unfair economic practices", she said on Friday.

Ms Yellen also struck a conciliatory note, saying the US seeks to diversify rather than decouple from China.

Her visit follows that of Secretary of State Antony Blinken as the US and China resume talks amid tensions.

The four-day trip, where she is scheduled to meet Chinese Premier Li Qiang, is expected to achieve very little by the time she takes off from Beijing Capital airport on Sunday evening. But the visit is important for the simple fact that it's happening at all.

Relations between Beijing and Washington have deteriorated swiftly in recent years because of the many things that divide them: human rights in Xinjiang and Hong Kong, territorial claims to Taiwan and the South China Sea, Beijing's growing domination of a host of industries from graphite and silicon production to rare earths, lithium batteries and solar panels.

Ms Yellen said she was "particularly troubled" by China's recent punitive measures. This includes a crackdown on US-headquartered consulting firms and export controls introduced just last week on critical minerals used to make computer chips. This follows US restrictions that prevent Chinese companies from accessing the most advanced chips, while pushing ally countries to follow suit.
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