Chinese leader Xi Jinping’s government wants to revive foreign investor interest in China as it tries to reverse a deepening economic slump
Raimondo said she and Commerce Minister Wang Wentao agreed during a four-hour meeting to launch an “information exchange” on export controls. She said they also will set up a “working group” of officials and private sector representatives to “seek solutions on trade and investment issues.”
Earlier, Wang told Raimondo that Beijing is ready to work together to “foster a more favourable policy environment for stronger co-operation” and “bolster bilateral trade and investment.” Wang gave no details of possible initiatives. In June, Secretary of State Antony Blinken met with Xi for 30 minutes during a visit that was postponed from February after a Chinese surveillance balloon entered U.S. airspace. The Chinese leader called on Washington to change policies on Taiwan and other issues and rebuffed a request to resume military-to-military co-operation.
It suggests Washington “is making modest but measurable progress with Beijing in re-establishing limited government-to-government communication,” Ashton and Milliken wrote. ”Raimondo’s visit could produce additional progress.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Raimondo: crucial US, China have stable economic relationshipBEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday saying it is 'profoundly important' the world's two largest economies have a stable economic relationship. Raimondo is looking to boost business ties as U.S. firms have reported increasing challenges with operating in China, while China has sharply criticized U.S. efforts to block China's access to advanced semiconductors. Raimondo said the entire world expects the United States and China will have a stable economic relationship; the two countries share more than $700 billion in annual trade.
Read more »
China's 'aggressive behaviour' in South China Sea must be challengedMANILA (Reuters) - China's
Read more »
China says will conduct joint military training with Singapore in coming weeksBEIJING (Reuters) - China will conduct joint military training with Singapore from end-August to mid-September based on their annual plans, the Chinese ...
Read more »
Marketmind: Beijing tries new ways to lift moribund marketsChinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. These included halving the stamp duty on stock trading, slowing the pace of new offerings and approving the launch of 37 retail funds to invest in stocks. While hardly the sort of massive fiscal stimulus investors crave, it was welcome that Beijing at least understood that assistance was needed, and stocks gained around 2.5%.
Read more »
Marketmind: Beijing tries new ways to lift moribund marketsA look at the day ahead in European and global markets from Wayne Cole Chinese blue chips were enjoying a rare rally on Monday after Beijing rolled out ...
Read more »
US Commerce chief seeks trade, tourism boost in China talksBEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo arrived in Beijing late on Sunday for a four-day visit aimed at boosting business ties between the world's two largest economies while declaring American national security trade measures off-limits for debate. 'If you wanted to put a tagline to the trip and the mission, it’s protect what we must and promote where we can,' Raimondo told reporters on Friday before departing for China. Relations are tense as the United States works with allies to block China's access to advanced semiconductors, while Beijing is restricting shipments from prominent chip company Micron Technology and raided and fined U.S. firm Mintz Group $1.5 million for doing 'unapproved statistical work.'
Read more »