Chinese Premier Li Qiang acknowledges that bilateral relations and economic cooperation between China and the United States are facing difficulties and calls for sincerity, mutual efforts, and the protection of international trade rules.
US Commerce Secretary Gina Raimondo will visit China at a critical time as China's economy faces challenges that could potentially spread beyond its borders and impact the US relationship with the country, including falling consumer prices, a real estate crisis, slumping exports, and youth unemployment, while China continues its crackdown on foreign companies and a battle over crucial technologies escalates.
China's commerce ministry spokesperson, Shu Jueting, expressed China's willingness to engage in comprehensive discussions with the United States to address economic and trade issues during the upcoming visit of U.S. Commerce Secretary Gina Raimondo.
Commerce Secretary Gina Raimondo and her Chinese counterpart have agreed to exchange information on U.S. export controls and establish a working group to discuss trade and investment issues, but no progress has been made on disputes over technology, security, human rights, and tariffs.
U.S. Commerce Secretary Gina Raimondo has stated that American companies are viewing China as "uninvestible" due to fines, raids, and other risky actions taken by the Chinese government, presenting a bleak picture of American firms' perception of doing business in China.
U.S. Commerce Secretary Gina Raimondo rejected China's appeal to reduce U.S. export controls on technology with potential military applications but agreed to have experts meet to discuss disputes over protecting trade secrets, as efforts continue to restore strained relations between the two countries.
China's top security agency suggests that a meeting between President Xi Jinping and President Joe Biden in San Francisco will depend on the United States demonstrating enough sincerity in their actions towards China.
The US Treasury Secretary, Janet Yellen, expressed concerns about China's economic challenges and its potential impact on the global economy, while also noting that China has the policy tools to address these challenges.
Vice President Kamala Harris emphasizes that managing the US-China relationship involves de-risking and understanding rather than decoupling, emphasizing the need to protect American interests and lead in setting the rules of the road.
President Joe Biden is seeking to counter China's influence in the developing world through high-profile meetings during his trip to India and Vietnam, emphasizing that the US is a trustworthy partner without wanting a new Cold War, but signs of geopolitical fractures remained evident.
U.S. Commerce Secretary Gina Raimondo plans to meet with major American company CEOs following her recent trip to China, where she expressed concerns about business conditions and hopes for improved market access and regulatory environment.
