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BBCNEWS World Business Report June 4, 2024 13:34:00

Yellen keeps reiterating that the us doesn t want to repress china s economic ambition, they want to safeguard national security, so it s mostly for the premium technology and the artificial intelligence sector, so it s a conciliatory tone that both countries need to work together and make sure they cooperate and coexist instead of decoupling from each other. zoning in on factory gate data, what does this data tell us about what s happening in chinese factories and more broadly the global economy? i think this is disappointing from an economic perspective because there was already worries about the state of the chinese economy and the data shows that the recovery is very slow, nowhere near as strong as ....

Doesn T Want To Repress China S , Artificial Intelligence , Each Other , On Factory Gate Data ,

BBCNEWS BBC News June 4, 2024 02:03:00

Official in the chinese government. he is very close to xijinping, they had several hours of closed door fa ce to fa ce hours of closed door face to face meetings yesterday, but was probably the key moment in this visit to really understand the most important counterparts in the chinese government. ﬁn important counterparts in the chinese government.- chinese government. on the china side. chinese government. on the china side, china s chinese government. on the china side, china s economy| chinese government. on the - china side, china s economy has not been performing as well as the country had hoped, especially coming out of the pandemic. there are fears about a debt crisis in the country. what do you think china was hoping to get out of these meetings, and also looking forward to future summits? well, i think the chinese. although the chinese have been talking very tough on the us in recent months, behind that bravado, there is deep concern about the decoupling of the us and ....

China S , Face To Meetings Yesterday , China Side , Debt Crisis , United States , 500 Billion , 500 Billion Us Dollars ,

CNN CNN Newsroom Live June 4, 2024 07:14:00

Just take one tiny misstep and these things could have really escalated into something that would have been very difficult-to-control. but by having communication back open, by talking about the important issues, not just military but economy, about the u.s. being able to sit in a room and raise its concerns with china and china to do the same, to raise their concerns about what they believe is the u.s. decoupling, trying to decouple its economy, the u.s. responding saying decoupling is impossible but they re going to protect the delicate pieces of technology and other things they feel china has been targeting covertly and illegally for many years. so it s not the long list of problems and disagreements have gone away, but at least there s now somewhat of a framework in place to start to address them. we know the decoupling of the world s two largest economies would be disastrous for both countries and destabilizing for the world. ....

United States , Communication Back Open ,

BBCNEWS BBC News June 4, 2024 04:13:00

And we had positive noises from the chinese side as well but i do not think anyone should think this means that the us china relations are now back on a really positive course because, as she sat at the top there, real disagreements remain between us and china and i don t think there s much prospect that those disagreements will disappear anytime soon. what she said essentially is we are not thinking that perhaps the previous administration of donald trump was seeking, what was called decoupling of the us and china economies and the biden administration is committed to having engagement with china and continue trading with china and continue trading with china, even if it is under different, more constrained circumstances. different, more constrained circumstances. ., circumstances. more of the case of economic circumstances. more of the case of economic diplomacy - circumstances. more of the case of economic diplomacy rather i of economic diplomacy rather than an attempt to circumve ....

Donald Trump , Janet Yellen , Diplomacy Circumstances ,

CNN CNN Newsroom Live June 4, 2024 09:23:00

Nove november. the united states is not seeking to decouple from china. there s an important distinction between decoupling on the one hand and on the other hand, diversifying critical supply chains. taking national security actions. we know that the decoupling of the world s two largest economies would be disastrous for both countries and destabilizing for the world. and it would be virtually impossible to undertake. reporter: but, you know that suspected spy balloon when she talked about those targeted actions she blacklisted a number of manufacturers in china. china retaliates with their own measures as well. you ll see that kind of thing, ....

United States , National Security , Diversifying Critical Supply Chains , Spy Balloon ,