Beijing’s export restrictions on two minerals this week show it is willing to use its dominance to rock Western supply chains. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Yellen starts meetings on Friday with senior Chinese officials pledging to seek 'healthy competition' with China as confrontation between the economic powers over U.S. technology export controls and planned outbound investment restrictions dominate headlines. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized the world's second-largest economy for its recent harsh actions against U.S. companies and new export controls on some critical minerals. Yellen says she's 'concerned' about China's new export controls in her first public remarks in BeijingStarting Aug. 1, companies in China that want to export two metals used in semiconductor manufacturing would need to apply for licenses.

Source: Wall Street Journal July 09, 2023 05:41 UTC