seeking a winner take all competition and that both countries should not let any disagreement hurt economic ties. tensions have flared over washington s efforts to limit chinese access to advanced computer chips. just this week, beijing tightened export restrictions on two rare minerals both used in the chip industry, but speaking earlier today janet yellen insisted the two economies must remain closely interlinked. i ve made clear that the united states does not seek a wholesale separation of our economies. we seek to diversify and not to decouple. a decoupling of the world s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake. i also made clear that actions
As the United States attempts to maintain its technological lead over China, the impacts of trade fragmentation, decoupling and techno-nationalism will be felt globally.
semiconductors, as you know, how do you thinkjanet yellen will address this? the chinese will address this? the chinese will absolutely will address this? the chinese will absolutely ask will address this? the chinese will absolutely ask this - will absolutely ask this question, of what the united states is planning to block and going into china, notjust areas of technology but this new executive order that is forthcoming, that could limit outbound investment from the united states into china and require screening of that investment. and i think that the chinese are trying to lay down some of their own, they have taken some action in restricting the sale by micron for example into china. but the new action you mention on imposing export restrictions on dally and germanium, they are trying to threaten the us and other countries to try and get us to limit the kind of restrictions we impose on china. but i think this may backfire. it may convince european countries in
clear that she thinks that would be a bad idea. at the same time, we saw the chinese earlier this week move to export two key materials used in the manufacturing of semiconductors, as you know how do you thinkjanet yellen will address this? the chinese will absolutely ask this question, of what the united states is planning to block and going into china notjust areas of technology but this new executive order that is forthcoming, that could limit outbound investment from the united states into china, and require screening of that investment. and i think that the chinese are trying to lay down some markers of their own, they have taken some action in restricting the sale by micron for example into china. but this new action you mention which is imposing export restrictions on gallium and germanium, i think the chinese