Yellen criticizes China’s ‘punitive’ actions against U.S. companies, urges market reforms

BEIJING, July 7 (Reuters) — U.S. Treasury Secretary Janet Yellen on Friday called for market reforms in China and criticized the world’s second-largest economy for its recent “punitive” actions against U.S. companies and new export controls on some critical minerals. Yellen, who arrived in Beijing on Thursday said the moves underscored the need for “resilient” and diverse supply chains, and warned that the United States and its allies will fight back against what she called China’s “unfair economic practices.” Yellen made the remarks to the American Chamber of Commerce in China (AmCham) after what a Treasury official called “substantive” talks…