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Search resuls for: "Jennifer Hansler Juliana Liu"


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Beijing/Hong Kong CNN —US Treasury Secretary Janet Yellen urged China on Saturday to combat the “existential threat” of climate change by supporting international funds intended to help developing countries confront the crisis. On the second full day of her visit to Beijing, Yellen said the United States and China should work together to tackle global challenges despite differences over a range of issues. Yellen said China’s support for existing multilateral climate institutions like the Green Climate Fund (GCF) and the Climate Investment Funds, alongside the United States and other partners, could improve their impact. The GCF is the main climate financing mechanism of the United Nations and helps developing countries to tackle climate change. Kerry would be the third Cabinet official from the Biden administration to travel to China, after Yellen and Secretary of State Antony Blinken, who visited in June.
Persons: Janet Yellen, Yellen, , , Joe Biden, Nancy Pelosi’s, China Nicholas Burns, John Kerry, Kerry, Biden, Antony Blinken Organizations: Hong Kong CNN, Climate, United Nations, Amazon Fund, US, Yellen Locations: Beijing, Hong Kong, China, United States, Taiwan
On Monday, China imposed curbs on overseas sales of gallium and germanium, elements essential to making semiconductors, which have become a growing source of friction between the world’s top two economies. The move was widely seen as a response to the Biden administration’s ban on advanced chip sales to China, which was announced last October. “I am … concerned about new export controls recently announced by China on two critical minerals used in technologies like semiconductors,” Yellen told a meeting of business people hosted by the American Chamber of Commerce in Beijing. “I’ve been particularly troubled by punitive actions that have been taken against US firms in recent months,” Yellen added. Along with other US officials, Yellen has long signaled the Biden administration’s desire to deepen communication and lower the temperature between the world’s top two economies.
Persons: Hong Kong CNN —, Janet Yellen, Biden, , Yellen, , “ I’ve, ” Yellen, Capvision, Liu He, Yi Gang, Joe Biden’s, Xi Jiping Organizations: Hong Kong CNN, American Chamber of Commerce, Bain & Company, Group, US Treasury, Treasury Department, Biden Locations: Beijing, Hong Kong, China, Shanghai, New York, China’s, United States
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