BEIJING (Reuters) – U.S. Commerce Secretary Gina Raimond began talks with Chinese officials on Monday, saying it was “extremely important” for the world’s two largest economies to maintain stable economic ties. Stated.
As U.S. companies report increasing challenges in doing business in China, while China sharply criticizes U.S. efforts to block China’s access to advanced semiconductors, Mr. We aim to strengthen
Raimond said the whole world is looking forward to a stable economic relationship between the United States and China. The annual trade volume between the two countries is over $700 billion.
“It’s a complicated relationship. It’s a difficult relationship. Of course, there will be disagreements on certain issues,” Raimond said. “If we are honest and open and hands-on, I think we can make progress.”
Raimondo has held three days of meetings with Chinese and Chinese business leaders to strengthen business ties between the world’s two largest economies. He is scheduled to meet with Commerce Minister Wang Wentao on Monday for about two hours.
Wang said economic relations between the United States and China are important not only for the two countries but also for the rest of the world, and appreciated Raimondo’s remarks about his fondness for trade with China.
He said he was willing to work together to “facilitate a more favorable policy environment to enhance cooperation between businesses in the two countries to promote bilateral trade and investment in a stable and predictable manner.” Ta.
Raimond said the United States and China “have been working this summer to establish new exchanges of information and working groups that will allow for a more coherent engagement in our relations.”
Some Republicans in Congress have criticized proposals for the United States to agree to a working group with China on the subject of curbing exports of advanced semiconductor chips. Raimond declared any discussion of U.S. export controls slowing Beijing’s military advances off limits.
“There is, of course, no room for compromise or negotiation on national security issues,” he said, adding that for the most part it would not affect national security concerns.
For example, Raimondo will visit a personal care products showcase in China later Monday.
Reporting by David Shepardson.Editing: Jacqueline Wong and Michael Perry
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