US Secretary of Commerce Gina Raimondo’s three-day visit to China begins today. Raimondo is scheduled to hold talks with political and business leaders in Beijing and Shanghai to restart trade relations between the world’s two largest economies.
At the beginning of her visit, Raimundo said it is very important for the economic relations between the United States and China to remain stable. According to American reporter Jan Postma, Raimundo is trying to make it clear that the United States does not want to harm the Chinese economy, despite the restrictions on exporting advanced semiconductor technology and artificial intelligence technology to China.
However, China correspondent Anouk Egynram suspects Raimondo’s letter could be based on some suspicion. “We’ve seen more trade-restrictive measures recently, and there are plans to limit US investors’ investment in Chinese technology companies in sensitive sectors. It didn’t go well here either.
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According to Eginram, Raimundo will speak to the Chinese premier, among others. What exactly will be discussed with whom remains unknown, but the following agenda items could be discussed: export controls, the start of deliveries of Boeing 737s and a small number of direct flights between China and the United States. “Then America has great concerns about the treatment of American companies,” says Eigenram, referring to the raids this spring by the Chinese government on top US consultants that caused so much unrest.
Eigenram finds it remarkable that China is increasingly trading with countries in its region, and the same is true of the United States with Latin American countries. According to Eigenram, this does not affect the importance of the so-called “face-to-face talks”. “It’s nice to have some kind of basic level of connection, isn’t it?”
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