{"id":1966560,"date":"2023-07-07T12:03:01","date_gmt":"2023-07-07T16:03:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-concerned-about-chinese-treatment-of-us-companies-second-day-into-beijing-trip\/"},"modified":"2023-07-07T12:03:32","modified_gmt":"2023-07-07T16:03:32","slug":"janet-yellen-concerned-about-chinese-treatment-of-us-companies-second-day-into-beijing-trip","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-concerned-about-chinese-treatment-of-us-companies-second-day-into-beijing-trip\/","title":{"rendered":"Janet Yellen expresses worry over Chinese treatment of US firms during Beijing visit."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjanet-yellen-concerned-about-chinese-treatment-of-us-companies-second-day-into-beijing-trip%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1966560&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Treasury Secretary Janet Yellen Criticizes China&#8217;s Treatment of Foreign Firms<\/h2>\n<p>Treasury Secretary Janet Yellen has expressed her concerns about China&#8217;s strict measures against foreign companies, particularly those from the United States. During her diplomatic visit to Beijing on behalf of the Biden administration, Yellen highlighted the hostile conditions American businesses face in the communist nation. She also raised the issue of Chinese government&#8217;s export restrictions on minerals used for semiconductor chips.<\/p>\n<h3>Improving Economic Cooperation<\/h3>\n<p>The purpose of Yellen&#8217;s visit was to enhance economic cooperation between the United States and China. However, she did not shy away from addressing the challenges faced by American firms in the Chinese market.<\/p>\n<blockquote>\n<p>\u201cDuring meetings with my counterparts, I am communicating the concerns that I\u2019ve heard from the U.S. business community \u2014 including China\u2019s use of nonmarket tools like expanded subsidies for its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/living-through-a-socialist-collapse-an-insiders-account-of-venezuelas-demise\/\" title=\"Living Through A Socialist Collapse: An Insider\u2019s Account Of Venezuela\u2019s Demise\">state-owned enterprises<\/a> and domestic firms, as well as barriers to market access for foreign firms,\u201d Yellen said on Friday.<\/p>\n<p>\u201cI\u2019ve been particularly troubled by punitive actions that have been taken against U.S. firms in recent months,\u201d she added.<\/p>\n<\/blockquote>\n<p>The Biden administration has already imposed significant restrictions on U.S.-China trade, including limitations on the sale of chipmaking technology. Further restrictions are being considered, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-concerned-about-chinese-treatment-of-us-companies-second-day-into-beijing-trip\/\" title=\"Janet Yellen expresses worry over Chinese treatment of US firms during Beijing visit.\">potentially impacting artificial intelligence chips<\/a>, U.S. technology investment in China, and China&#8217;s access to U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-lawmakers-call-for-investigation-into-amazons-alleged-bribery-of-defense-official\/\" title=\"GOP Lawmakers Call for Investigation Into Amazon\u2019s Alleged Bribery of Defense Official\">cloud computing services<\/a>.<\/p>\n<p>Despite her criticisms, Yellen reassured Chinese government officials that the economic measures taken by the U.S. due to national security concerns should not be seen as antagonistic. She emphasized the importance of fostering a &#8220;healthy competition&#8221; between the two largest economies in the world.<\/p>\n<blockquote>\n<p>\u201cThe United States will, in certain circumstances, need to pursue targeted actions to protect its national security. And we may disagree in these instances,\u201d Yellen said. \u201cHowever, we should not allow any disagreement to lead to misunderstandings that needlessly worsen our bilateral economic and financial relationship.\u201d<\/p>\n<\/blockquote>\n<p>Yellen&#8217;s visit follows Secretary of State Antony Blinken&#8217;s trip to Beijing, as the Biden administration seeks to ease tensions between the two nations. Her visit, which began on Thursday, will conclude on Sunday.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen expressed concern over China&#8217;s harsh treatment of foreign firms, particularly those from the US, during her visit to Beijing on behalf of the Biden administration. Yellen criticized the hostile environment American businesses encounter in China and the Chinese government&#8217;s export limitations.<\/p>\n","protected":false},"author":1,"featured_media":1966561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1966560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1966560"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1966560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1966561"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1966560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1966560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1966560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}