U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang

BEIJING — U.S. Treasury Secretary Janet Yellen defended American actions to support its nationalist information successful prepared remarks for a gathering with Chinese Premier Li Qiang.

"The United States will, successful definite circumstances, request to prosecute targeted actions to support its nationalist security," Yellen said Friday successful prepared remarks.

"And we whitethorn disagree successful these instances," she said.

Among respective measures, the U.S. successful October announced sweeping export controls that restrict the quality of Chinese businesses to make precocious semiconductors.

This week, China's Ministry of Commerce said that starting Aug. 1, businesses successful China wanting to export 2 metals utilized successful the manufacturing of chips would need to use for licenses. The ministry said Thursday the measures were not targeted astatine a circumstantial country, and that it had notified the U.S. and Europe up of the nationalist announcement.

"We should not let immoderate disagreement to pb to misunderstandings that unnecessarily worsen our bilateral economical and fiscal relationship," Yellen said successful her prepared remarks.

She said determination are "important planetary challenges" wherever the U.S. and China request to "cooperate and amusement leadership."

Yellen was acceptable to conscionable with China's premier connected Friday, the 2nd time of her four-day travel to China.

Earlier successful the day, she met with erstwhile Vice Premier Liu He and erstwhile People's Bank of China Governor Yi Gang. A Treasury authoritative said the gathering lasted for 1 hr and 15 minutes, longer than scheduled.

"They discussed the planetary economical outlook arsenic good arsenic the respective economical outlooks for the United States and China," the authoritative said.

Her travel follows U.S. Secretary of State Antony Blinken's high-stakes Beijing visit past month, and comes arsenic China's economical maturation has slowed.

Li connected Thursday met with economical experts to sermon maturation trends and suggestions for economical work, authorities media said. Li said the analyzable planetary governmental and economical concern has greatly affected China's development, according to the report.