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
and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i emphasise that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad based impacts on the chinese economy. that s not the case. that s not the intention. and i think this is an example of what i said about how to address national security concerns. senior market analyst kelvin wong told me that ms yellen did manage to smooth relations on the economic front. if you look at the us treasury secretary yellen, i believe that she is more pragmatic. so, all in all, i would like to state that ms yellen actually had a positive outcome in terms of economic communication between the us and china, but, however, on the general political front, i still reckon that i
designed to restrict china s ability to buy high tech microchips and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i that any such measures will be highly targeted. highly targeted. i emphasise that it would highly targeted. i emphasise that it would be highly targeted. i emphasise that it would be highly - that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad based impacts on the chinese economy. that is not the case. that is not the intention. and i think this is an example of what i said about how to address national security concerns. a, how to address national security concerns. a senior market analyst security concerns. a senior market analyst told - security concerns. a senior market
producer of them both. from next month, exporting these metals will require a licence, as michelle fleury explains. welcome to world business report, i m ben thompson. us treasury secretary janet yellen is headed to beijing and hers is the second trip by a cabinet official to china since ties between the world s two top economies deteriorated earlier this year. her goal is to steady the relationship, but she s got her work cut out for her. ahead of her visit, beijing said it was imposing export controls on two rare metals essential for making semiconductors. the measures are seen as a tit for tat response after the us, the netherlands and japan recently restricted chip exports to china. some say the move is aimed at giving china more leverage in future trade discussions. gallium and germanium, the two metals in question, will be subject to export controls starting august 1st. in a statement, china s ministry of commerce said it was to protect national security interests. ch