{"id":77045,"date":"2023-08-22T08:51:06","date_gmt":"2023-08-22T12:51:06","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/us-commerce-secretary-set-to-meet-with-chinese-officials-in-effort-to-stabilize-relations-77045"},"modified":"2023-08-22T08:51:06","modified_gmt":"2023-08-22T12:51:06","slug":"us-commerce-secretary-set-to-meet-with-chinese-officials-in-effort-to-stabilize-relations","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/us-commerce-secretary-set-to-meet-with-chinese-officials-in-effort-to-stabilize-relations-77045","title":{"rendered":"US commerce secretary set to meet with Chinese officials in effort to stabilize relations"},"content":{"rendered":"
\n

U.S. Secretary of Commerce Gina Raimondo will meet with Chinese officials and American business leaders next week amid efforts to stabilize relations that have sunk to historic lows.<\/p>\n

Raimondo\u2019s Aug. 27-30 visit to Beijing and Shanghai aims for “constructive discussions on issues relating to the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation,” the Commerce Department said in a news release posted on its website Tuesday.<\/p>\n

China\u2019s Ministry of Commerce said the visit came at the invitation of Minister Wang Wentao but gave no other details.<\/p>\n

CHINA REBUKES \u2018SEPARATIST\u2019 TAIWAN VP FOR BRIEF US VISIT: \u2018TROUBLEMAKER\u2019<\/strong><\/a><\/p>\n

Raimondo’s visit follows the imposition of foreign investment controls by her agency that have stung numerous Chinese companies.<\/p>\n

Raimondo last met with Wang in Washington<\/a> in May to discuss trade issues. Trade tensions have only ramped up since then.<\/p>\n

President Joe Biden signed an executive order on Aug. 9 to impose blocks and regulations on U.S. high-tech investment in China, reflecting the intensifying competition between the world\u2019s two largest economies.<\/p>\n

The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence.<\/p>\n

Senior administration officials said the effort is narrow in scope and related more to national security than economic interests. It seeks to blunt China\u2019s ability to use U.S. investments to upgrade its military capabilities, while also preserving broader levels of trade that are vital for both nations\u2019 economies.<\/p>\n

CHINA SENDS SWARMS OF WARPLANES, NAVY SHIPS TO TAIWAN AHEAD OF ANNUAL INVASION TRAINING<\/u><\/strong><\/a><\/p>\n

China says it is assessing Biden’s order and will “take the necessary response measures based on the results of the assessment.”<\/p>\n

The United States and China are increasingly locked in a geopolitical competition, at odds over Russia’s invasion of Ukraine, human rights, China’s territorial claims in the South China Sea and its threat to attack the self-governing island democracy of Taiwan.<\/p>\n

However, given the importance of trade with the U.S., and with its economic growth sliding to 0.8% for the three months ending in June, China appears<\/a> willing to set aside political differences in order to engage on economic issues.<\/p>\n

Biden officials have insisted that they have no interest in economic “decoupling” from China. Yet, the administration also has limited the export of advanced computer chips and retained the expanded tariffs set up by former President Donald Trump.<\/p>\n

China has meanwhile engaged in crackdowns on foreign companies, prompting a loss of confidence and the shifting of investment<\/a> plans by global companies to other countries.<\/p>\n

Calls by Chinese leader Xi Jinping and others for more economic self-reliance have left investors uneasy about their future in the state-dominated economy.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/world\/us-commerce-secretary-meet-chinese-officials-effort-stabilize-relations <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Secretary of Commerce Gina Raimondo will meet with Chinese officials and American business leaders next week amid efforts to stabilize relations that have sunk […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-77045","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nUS commerce secretary set to meet with Chinese officials in effort to stabilize relations - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/us-commerce-secretary-set-to-meet-with-chinese-officials-in-effort-to-stabilize-relations-77045\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US commerce secretary set to meet with Chinese officials in effort to stabilize relations - 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