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Transcripts For BBCNEWS Asia 20240705

messaging from beijing. it clearly signals that china is prepared to push back against any action that would be taken by the united states. it is hardly the rolling out the red carpet but i do want to point out that the value in this dialogue is that the two countries are actually meeting and that we will see more continued dialogue from the two sides. ., , , ~ continued dialogue from the two sides. ., i, ~ continued dialogue from the two sides. ., , , ~ , sides. anthony blinker was ust there last month i sides. anthony blinker was ust there last month and it i sides. anthony blinker was just there last month and it cannot| there last month and it cannot be a bad thing that they are now talking about. despite the tensions, trade has been growing so they both need each other. . . , growing so they both need each other. . ., , ., , other. china really does need the united other. china really does need the united states other. china really does need the united states

Transcripts For BBCNEWS World 20240705

seeking a winner take all competition and that both countries should not let any disagreement hurt economic ties. tensions have flared over washington s efforts to limit chinese access to advanced computer chips. just this week, beijing tightened export restrictions on two rare minerals both used in the chip industry, but speaking earlier today janet yellen insisted the two economies must remain closely interlinked. i ve made clear that the united states does not seek a wholesale separation of our economies. we seek to diversify and not to decouple. a decoupling of the world s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake. i also made clear that actions we take to protect our national security are designed to be narrowly targeted and that they are premised on straightforward national security considerations, they re are not undertaken to gain economic advantage over china. we are joinded now by alici

Transcripts For BBCNEWS Asia 20240705

together with its partners if necessary. these key metals are important research for automotive parts and pay a role in future autonomous cars. these two metals are also crucial to make semiconductors. taiwan s tsmc, the world s largest contract chip maker says it doesn t expect any direct impact on its production. despite the statement, the shares plunged almost 3% in trading in taiwan, over concerns of growing tensions, and the us secretary s visit to beijing. a top chinese trade adviser says that this is just the start, sending a not so subtle message to the americans just before the counterparts are sat down face to face in beijing for the first time since the covid pandemic. the visit by secretary yellen also comes at a time when the chinese economy looks to revitalise. that experience supposed covid rebound in the first quarter of the year the latest data has shown signs of stephen mcdonald reports. street food seen in china appears to show an economy rebounding strongl

Transcripts for BBCNEWS Asia Business Report 20240604 01:37:00

ninth month the full report. ups is expected to move 6% of the us gdp every single day. more than 300,000 ups workers have vowed to go on strike after the company failed to reach an agreement with its union. if they do walk out it will be one of the biggest strikes in american history. michelle fleury has more. making some noise. ups workers in new york preparing to strike after both sides accuse the other of walking away from the negotiating table. among those getting ready, marvin dawes, a full time driver for ten years. everybody here has frustration that keeps on building up. it is likely to keep boiling. he says every worker deserves more. we want fairness in terms of a fair days pay for a fair da s work. . , , ., that represents roughly 340,000 ups workers across the country

Transcripts for BBCNEWS World Business Report 20240604 10:37:00

far reaching implications for the economy, as the bbc s michelle fleury reports from new york. horns. making some noise ups workers in new york preparing to strike after both sides accused the other of walking away from the negotiating table. among those getting ready is marvin dawes, a full time driver for ten years. over the years of frustration that keep on building up, you know, it s like itjust keep boiling and boiling. he says every worker deserves more. well, we rejust looking forfairness in terms of, you know, a fair day s pay, a fair day s work. so it is looking for fairness. the teamsters union, which represents roughly 340,000 ups workers across the country, wants higher pay, especially for part time workers.

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