Yellen said she tried to reassure officials Washington doesn’t want to decouple or separate its economy from China, while it tries to “de-risk” trade. But three days before Yellen’s arrival, the government announced unspecified controls on exports of gallium and germanium, metals used in making semiconductors and solar panels. technology restrictions, possibly to avoid disrupting its own industries. On Saturday, He said Washington should “adopt a rational and pragmatic attitude” to improve relations.īeijing has been slow to retaliate for U.S. Yellen received a warm welcome and prominent coverage by the state press, but Chinese officials gave no sign they would change industrial or other policies that Washington and other governments say violate Beijing’s free-trade commitments. Treasury officials said in advance there were no plans for her to meet Chinese leader Xi Jinping. She had a five-hour session Saturday with her Chinese counterpart, Vice Premier He Lifeng. 2 leader, Premier Li Qiang, and other officials during 10 hours of meetings. “We will open up channels so that they can express concerns about our actions, and we can explain and possibly in some situations respond to unintended consequences of our actions,” Yellen said at a news conference. technology on security grounds that threaten to hamper the ruling Communist Party’s development of smartphones, artificial intelligence and other industries. A key Chinese complaint is limits on access to processor chips and other U.S. Relations between the two biggest economies are at their lowest level in decades due to disputes about technology, security and other irritants. She said the Biden administration wants to “avoid unnecessary repercussions” but gave no indication of possible changes. Yellen defended “targeted measures” on trade that China’s leaders complain are aimed at hurting its fledgling tech industries. technology exports and might “respond to unintended consequences” as she ended a visit to Beijing aimed at reviving strained relations. ![]() ![]() BEIJING (AP) - Treasury Secretary Janet Yellen on Sunday said she agreed Washington will listen to Chinese complaints about security-related curbs on U.S.
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