However Wang warned they “run counter to market guidelines and the precept of honest competitors, and can solely hurt the safety and stability of the worldwide industrial and provide chains”.
Raimondo is about to fulfill with vice premier He Lifeng and tradition minister Hu Heping on Tuesday, and pay a courtesy go to to Premier Li Qiang.
She’s going to then head to China’s financial powerhouse Shanghai, earlier than leaving the nation on Wednesday.
HEALTHY COMPETITION
Raimondo is certainly one of plenty of senior US officers to go to China in latest months – a part of an effort by Washington to enhance its working relationship with its largest strategic rival.
Relations between the 2 international locations have plummeted to a few of their lowest ranges in a long time, with US commerce curbs close to the highest of the checklist of disagreements.
This month, Biden issued an govt order geared toward limiting sure US investments in delicate high-tech areas in China – a transfer Beijing blasted as being “anti-globalisation”.
The long-anticipated guidelines, anticipated to be applied subsequent 12 months, goal sectors reminiscent of semiconductors and synthetic intelligence.
US Treasury Secretary Janet Yellen sought to reassure Chinese language officers concerning the anticipated curbs throughout a go to to Beijing final month.
And Raimondo on Monday instructed Chinese language officers that whereas there was “no room to compromise or negotiate” on US nationwide safety, “the overwhelming majority of our commerce and funding relationship doesn’t contain nationwide safety considerations”.
“We search wholesome competitors with China. A rising Chinese language financial system that performs by the principles is in each of our pursuits,” she mentioned.
In June, US Secretary of State Antony Blinken travelled to Beijing, the place he met President Xi Jinping and mentioned progress had been made on plenty of key sources of competition. US local weather envoy John Kerry additionally visited China in July.
