Author Topic: Yellen opens Beijing trip by criticizing China on treatment of US companies  (Read 261 times)

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Offline mystery-ak

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Yellen opens Beijing trip by criticizing China on treatment of US companies
by Jared Gans - 07/07/23 8:06 AM ET

Treasury Secretary Janet Yellen opened her trip to Beijing with criticizing Chinese treatment of U.S. companies, pointing out the conditions that they have faced while operating in China, The New York Times reported.

Yellen attacked the Chinese government’s treatment of companies with foreign connections and its recent decision placing export controls on materials used to make semiconductor chips to a group of executives from some top U.S. businesses on Friday.

She said at an event hosted by the American Chamber of Commerce in China that she is sharing the concerns she has heard from U.S. business leaders with her Chinese counterparts during her trip, including the creation of barriers for foreign companies to access the market.

“I’ve been particularly troubled by punitive actions that have been taken against U.S. firms in recent months,” she said.

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