Yellen criticizes Chinese treatment of US companies during visit to revive relations
Treasury Secretary Janet Yellen criticized Chinese treatment of U.S. companies and new export controls on metals used in semiconductors during a visit Friday to Beijing to try to revive strained relations. Talking with a group of businesspeople, Yellen defended U.S. controls on technology exports that irk Beijing, saying they are necessary for national security. She rejected suggestions Washington is trying to decouple, or separate the U.S. economy from China’s. “The U.S. seeks healthy economic competition with China,” Yellen said, according to a transcript released by her department. “I am communicating the concerns that I’ve heard from the