Zero Hedge
By Tyler Durden – July 7, 2023
During her first full day of meetings in Beijing on her 3-day trip, US Treasury Secretary Janet Yellen on Friday condemned China’s recent “punitive” actions against US companies as well as the newly announced export controls on two rare metals commonly used in computer chips and solar cells, gallium and germanium.
Following “substantive” talks with former Chinese economy czar Liu He, she told a meeting of the American Chamber of Commerce in China (AmCham) that the world’s second-largest economy should implement market reforms, and further vowed the US and its allies will fight back against China’s “unfair economic practices”.