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
this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the
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
At seven well be speaking to aidan mcquade, whos director the of anti slavery international, about the growth of modern day slavery. Well also have more on the war of words between the United States and north korea with a report from the us Pacific Island territory of guam, threatened by pyongyang. And we find out more about the dark history of a tiny scottish island which has now been put up for sale. Thats all ahead on bbc news. Marriage toepfer sports day. Hello, and welcome to sportsday, im 0lly foster. Its day seven at these championships, three more gold to be one and it will be isaac friday in but one if he can take the 200 metres title. The highjump but one if he can take the 200 metres title. The high jump that Katerina Johnson thompson down in the highjump can she qualify in the individual final. And im Nick Marshall mccormack in salford with the rest of the days sport, including Rory Mcilroys bid for his third uspga title in North Carolina. Well have the latest from quail ho