© Reuters. FILE PHOTO: U.S. Commerce Secretary Gina Raimondo delivers her speech at a reception with U.S. Business and Chinese language Authorities Officers hosted by U.S. Ambassador to China Nick Burns, in Beijing, China, August 28, 2023. Andy Wong/Pool through REUTERS/Fil
By David Shepardson
BEIJING (Reuters) -The US desires to work with China to resolve issues reminiscent of local weather change and synthetic intelligence, U.S. Commerce Secretary Gina Raimondo instructed China’s Premier Li Qiang at a gathering in Beijing on Tuesday.
Raimondo is the most recent Biden administration official to go to China in a bid to strengthen communications, significantly on financial system and protection, amid issues that friction between the 2 superpowers may spiral uncontrolled.
“There are different areas of world concern, reminiscent of local weather change, synthetic intelligence, the fentanyl disaster, the place we wish to work with you as two international powers to do what’s proper for all of humanity,” Raimondo stated on the Nice Corridor of the Folks assembly.
Li stated sound financial relations and commerce cooperation can be helpful not solely to their nations but additionally to the entire world.
The US and China was one another’s largest buying and selling companions however Washington now trades extra with neighbors Canada and Mexico, whereas Beijing offers extra with Southeast Asia.
Earlier on Tuesday, Raimondo instructed China’s financial system chief He Lifeng that the U.S. doesn’t search to disengage from its rival.
“Whereas we are going to by no means compromise in defending our nationwide safety, I wish to be clear that we’ll by no means search to decouple or maintain China’s financial system again,” she stated.
He Lifeng expressed Chinese language issues on matters together with “Part 301” U.S. tariffs, export controls and two-way funding restrictions, the Chinese language authorities stated.
Former U.S. President Donald Trump imposed tariffs in 2018 and 2019 on hundreds of imports from China valued at some $370 billion on the time after an investigation discovered that China was misappropriating U.S. mental property and coercing U.S. firms to switch delicate expertise to do enterprise.
Previous to her assembly with He, Raimondo and Tourism Minister Hu Hepin agreed to carry the 14th China-U.S. Tourism Management Summit in China within the first half of subsequent yr, an indication that bettering people-to-people ties is vital to placing a flooring below the bilateral relationship.
The step aimed to revive and develop tourism co-operation between the 2 nations, the Commerce Division stated. The final such summit was held in 2019 in Seattle.
Raimondo has made boosting journey and tourism an enormous a part of her journey. China and the USA agreed this month to double the variety of flights permitted between them, that are nonetheless solely a fraction of the quantity earlier than the pandemic.
If China returned to 2019 U.S. tourism ranges, that will add $30 billion to the U.S. financial system and 50,000 U.S. jobs, Raimondo stated.
Raimondo plans a go to on Wednesday to Shanghai Disneyland, a three way partnership of Walt Disney (NYSE:) and Chinese language state-owned Shendi Group.
U.S. companies have reported rising challenges with working in China, which has sharply criticized U.S. efforts to dam its entry to superior semiconductors.
The primary assembly of an initiative to alternate data on export management enforcement was held on Tuesday on the commerce ministry in Beijing, led by Matthew Axelrod, U.S. assistant secretary for export enforcement.
Such an alternate provided a platform to cut back misunderstandings of U.S. nationwide safety insurance policies, Raimondo stated on Monday however she added that Washington wouldn’t compromise or negotiate on such issues.
Raimondo stated on Monday she had raised issues about curbs on chipmakers Intel (NASDAQ:) and Micron (NASDAQ:) in additional than 4 hours of talks on financial and commerce points with Commerce Minister Wang Wentao on a spread of U.S. enterprise points.
China stated the talks had been a “rational, candid and constructive communication”.