China adviser warns chipmaking export curbs are 'just a start', as Yellen visit looms

China's export controls on metals used in making semiconductors are ‘just a start,’ an influential trade policy adviser said, as it ramps up a tech fight with the United States days before US treasury secretary Janet Yellen visits Beijing

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Shares in some Chinese metals companies rallied for a second session, with investors betting that higher prices on gallium and germanium, which Beijing's export restrictions target, could boost revenues. Announced on the eve of U.S. Independence Day and just before Yellen's planned visit to Beijing from Thursday, analysts said it was clearly timed to send a message to the Biden administration, which has been targeting China's chip sector and pushing allies such as Japan and Netherlands to follow suit.

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