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
its technological development. it not only looms over those interactions but they ll shape the discussions that janet yellen will have with our chinese counterparts. she needs to defend export chinese counterparts. she needs to defend export controls - chinese counterparts. she needs to defend export controls and i to defend export controls and tariffs, which she wasn t a fan when they were brought in. she has to explain that the us does not aim to harm china s economy. how strong is her track record to pretty delicate diplomacy? diplomacy? she s a trusted interlocater diplomacy? she s a trusted interlocater in diplomacy? she s a trusted interlocater in china. i- diplomacy? she s a trusted | interlocater in china. i think underlying secretary yellen s messaging before her trip in china and i would say overall her disposition towards balancing, doing this difficult balancing, doing this difficult balancing act, there s an underlying pragmatism between secretary yellen s engagemen
she wants to assure her chinese counterparts that washington and beijing can engage in vigorous competition and also sustained co operation on transnational challenges. but she s a trusted and respected interlocator in china. let s stay with the us economy because stock markets have fallen sharply and borrowing costs have surged on bond markets on expectations the federal reserve will have to continue raising interest rates to control inflation. private sectorjobs data for may came in twice as strong as expected taking investors by surprise and rattling wall street, which is now upping its bets on how high rates will have to go. let s speak to michael hewson, chief market analyst at cmc markets. how taken aback were investors about the strength of the us labour data? how can they get it so wrong? i think that really signifies the market reaction. i think this
moved discharge nuclear water into the sea. we will bring in more of the story when we have it but for the moment let s turn our attention to the business news. us treasury secretary janet yellen is on a mission to restore communications between the world s top economies. ahead of her meetings, she tweeted: we seek a healthy economic competition that benefits american workers and firms and to collaborate on global challenges. and she went on to say: we will take action to protect our national security when needed. billions of dollars worth of import taxes or tariffs are still in place between the two sides. more recently 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. monica miller in singapore reports. let s speak to ali wyne, senior analyst for global macro geopolitics at the eurasia group in washington, dc.
on instagram threads user is now? i am not on instagram or threads user is now? i am not on instagram or facebook. - threads user is now? i am not on instagram or facebook. i l threads user is now? i am not. on instagram or facebook. i am not the best person to talk to, i have to admit. not the best person to talk to, i have to admit. thank you. we will speak i have to admit. thank you. we will speak to i have to admit. thank you. we will speak to you i have to admit. thank you. we will speak to you again. - i have to admit. thank you. we will speak to you again. it - will speak to you again. it will speak to you again. it will be interesting to see what our viewers think of this. treat us on twitter to let us know if you are using threads, what you make of it. to china now, where us treasury secretary janet yellen is arriving shortly for a four day visit aimed at rebooting communications between the world s two biggest economies. billions of dollars worth of trump era import