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BBCNEWS Asia July 5, 2024



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 marke ....

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BBCNEWS Asia Business Report June 4, 2024 00:33:00

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, antony blinken being the bad cop and nowjanet cop, antony blinken being the bad cop and now janet 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 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 desite can, has kept that one. but despite those can, has kept that one. but despite those calling 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 hardball or beijing playing hard ....

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