U.S. Treasury Secretary Janet Yellen – on the heels of her diplomatic visit to Beijing – vowed that the United States would protect its own "national security" interests as China imposes an espionage law threatening American firms, as well as export controls on minerals essential to the tech industry. Ambassador to China Nick Burns previously expressed how American firms Capvision, Bain & Co., Mintz Group and several others, had been experiencing intimidation at the hands of Chinese authorities. "An objective of my trip was to explain that national security is something that we can't compromise about, and we will protect, and we will do so even if it harms our own narrow economic interests," Yellen said. YELLEN SAYS 'SIGNIFICANT DISAGREEMENTS' REMAIN IN US-CHINA RELATIONSHIP, BUT SEES 'PROGRESS'"I would point out that the Chinese also protect their own national security through export controls and other similar devices, including controls on outbound investment," she continued. Our own actions are narrowly targeted to address national security concerns, and it's not clear that the actions that the Chinese took are similarly narrowly targeted at their national security concerns," Yellen said.

Source: Fox News July 09, 2023 18:43 UTC