US commerce secretary to visit China next week for talks

US commerce secretary to visit China next week for talks

US commerce secretary to visit China next week for talks

WASHINGTON- US Commerce Secretary Gina Raimondo will journey to China subsequent week for conferences with senior Chinese authorities officers and US business leaders, the division mentioned on Tuesday, marking the most recent in a current collection of high-level visits.

Last month, Raimondo vowed to go ahead with the go to regardless of the reported Chinese hacking of her division’s emails.

US nationwide safety adviser Jake Sullivan mentioned Raimondo will carry a message that the US shouldn’t be looking for to decouple from China, however will shield its nationwide safety. She will reinforce that the US is targeted on sustaining an financial relationship with China, he added.

Raimondo met with Xie Feng, China’s ambassador to the United States, on Tuesday forward of the journey.

Raimondo “raised issues of importance to the United States and American businesses and workers and discussed issues relating to the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation,” the Commerce Department mentioned.

On Tuesday, China welcomed the division’s determination to elevate export management restrictions on 27 Chinese entities, saying it’s conducive to regular commerce between Chinese and U.S. companies. The U.S. Commerce Department on Monday eliminated the 27 Chinese corporations from its “Unverified List.”

Companies are provided that designation if the U.S. can’t full on-site visits to find out if they are often trusted to obtain delicate U.S. know-how exports. Companies on the listing can’t use license exceptions for exports.

Commerce mentioned the elimination “demonstrates the concrete benefit companies receive when they or a host government cooperates” to finish checks.

Raimondo “looks forward to constructive discussions,” through the go to to Beijing and Shanghai from Aug. 27-30, the division mentioned in an announcement.

Last week, China mentioned it welcomed Raimondo’s anticipated go to.

Raimondo mentioned lately that she wished to boost “really serious concerns about the way they are targeting U.S. tech companies, about the way they don’t respect intellectual property but also try to find lanes of commerce.”

Her journey follows a four-day go to final month by Treasury Secretary Janet Yellen, who held greater than 10 hours of conferences with senior officers in Beijing.

The U.S. and China agreed this month to approve twice the variety of passenger flights now permitted by air carriers between the 2 nations, in a uncommon signal of cooperation between the world’s largest two economies.

Raimondo was amongst a bunch of senior U.S. officers whose emails have been hacked this 12 months by a bunch Microsoft mentioned was based mostly in China, in accordance with an individual briefed on the matter.

Earlier, China’s embassy in Washington mentioned that figuring out the supply of cyber assaults was complicated and warned towards groundless speculations and accusations.

In July, Raimondo mentioned the Biden administration was looking for to fastidiously goal U.S. controls on exports to China.

Raimondo met Chinese Commerce Minister Wang Wentao in May, discussing commerce, funding and export insurance policies in what was till then the primary U.S.-China cabinet-level change in months, after a string of commerce and nationwide safety disagreements derailed plans for re-engagement.

In April, Raimondo warned Chinese cloud corporations might pose threats. Some Republican senators need her so as to add such corporations to the entity listing that imposes U.S. export controls on overseas corporations. — Reuters

Source: www.gmanetwork.com