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
earths just days ago. i think she really wants as she said to get communications open. we are trading a lot with china, china depends on the us, us depends on china but at the same time, security and geopolitical interests are coming into conflict. i would say it is a little bit like good cop bad cop, blinken being the bad cop and now yellen going in as the good cop trying to say, look, we have a lot in common, let s see what we can do together, but boy, back home in the united states, both the democrats and the republicans are bashing on china, trump put in tariffs on hundreds of billions of chinese goods and president biden, who has reversed every trump policy he can, has kept that one. but despite those cooling tensions, the trade between the two have actually been growing but of course just ahead of her visit, beijing announcing those export controls on rare metals, also introducing some new laws on foreign relations and counterespionage and so on. is beijing playing ha
the health secretary steve barclay is here too. and we ll hear from the first female astronaut heading to the moon. morning. with you and me for the next 60 minutes science presenter michael mosley, who trained as a doctor. former health minister james bethell. and campaigner for kids safety, beeban kidron. both of you members of the house of lords. if we look at the front pages, they are all over the place. the sunday telegraph has a story about electiry pylons. but that picture of the prime minister, the future king, and the other future king stuffing his face with pizza at the cricket is in the papers. the mirror leads on the sixth supect in the stephen lawrence murder case, a story that the bbc broke last week. stephen s friend duwayne brooks says the suspect was there. the sun newspaper talks about zac goldsmith and his friendship with p0p goldsmith and his friendship with pop star ellie goulding. he made the news quitting the government with a blast at rishi sunak on
a severe economic slump. the 23 banks tested at more than $100 billion in assets each. that results in a vote of confidence for the financial sector after the collapse of the silicon valley bank earlier this year. elsewhere in the us, president joe biden has vowed to restore the american dream in a speech promoting his so called bidenomics policy at a rally in chicago. he is courting voters ahead of the presidential re election bid next year. michelle fleury explains. joe biden went on the road to make his pitch to sceptical americans. the president outlined his economic asian for the future and laid out what his policies have delivered so far. ., , his policies have delivered so far. ., . ,, ., , far. today, the us has the hithest far. today, the us has the highest economic - far. today, the us has the highest economic growth i far. today, the us has the - highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. find since th