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
ability to buy high tech microchips and it s now considering an executive order to curb us investment in sensitive areas. jerry eligible to chinese counterpart to any such measures would be hardly targeted. i such measures would be hardly tarueted. , .,, , such measures would be hardly tarueted. , . , , ., targeted. i emphasised that it would be highly targeted. i emphasised that it would be highly targeted - targeted. i emphasised that it would be highly targeted and| would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to relay them fears that that would do something that would have broad based impacts on the chinese economy, that s not the case, that s not the intention. i think this is an example of what i said about how to address national securities concerns. address national securities concerne address national securities concerns. , ., ., ~ concerns. the senior market anal st concerns. the
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
first it was saudi arabia which announced it was cutting its production by one million barrels per day from august. then russia said it was cutting its production by half a million barrels per day from august too. the cuts mean global supplies will be reduced by around 1.5%. let s go live now to our middle east business correspondent, sameer hashmi. it doesn t sound like a lot, 1.5%, but it could have big implications. explain how important these two players are. explain how important these two players are- explain how important these two -la ersare. , ., ~ ., players are. let s talk about saudi arabia, the players are. let s talk about saudi arabia, the largest players are. let s talk about saudi arabia, the largest export - players are. let s talk about saudi arabia, the largest export in - players are. let s talk about saudi arabia, the largest export in the l arabia, the largest export in the world. these cuts were announced last month and they were not announced as