Restrictions are needed but full US-China tech decoupling isn’t wise, US Treasury Secretary Janet Yellen says

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The United States needs to curb China’s harmful acquisitions and restrict American investment in some Chinese firms to protect its national security, but a complete severing of technological ties would be worrisome, US Treasury Secretary Janet Yellen told lawmakers on Wednesday.

“China is our most serious competitor and it poses challenges to our security and our democratic values,” said Yellen, who testified before the Senate Finance Committee.