China’s Commerce Minister Discusses Economic and Trade Issues with U.S. Counterpart
Beijing, The Gulf Observer: China’s Commerce Minister Wang Wentao held a telephone conversation with U.S. Commerce Secretary Gina Raimondo on Tuesday, as reported by China’s Ministry of Commerce.
During the discussion, both sides engaged in candid, in-depth, and pragmatic communication regarding economic and trade issues of mutual concern. A key focus of the conversation was the implementation of the important consensus reached between the two heads of state of China and the United States during their meeting in San Francisco.
The phone call was part of an established communication mechanism between the two countries’ commerce departments. Wang emphasized that the San Francisco meeting has provided a clear direction for the development of China-U.S. economic and trade relations.
According to Wang, the commerce departments of both nations have maintained close contact at various levels, resulting in positive progress in expanding cooperation, managing differences, and addressing specific concerns raised by enterprises. He stated that the economic and trade relations between China and the U.S. should serve as a “ballast” for the overall bilateral relationship.
Wang expressed China’s willingness to collaborate with the United States based on mutual respect, peaceful coexistence, and win-win cooperation to effectively implement the consensus from the San Francisco meeting and realign China-U.S. relations on a constructive path.
During the conversation, Wang raised serious concerns regarding U.S. semiconductor policies toward China and the restrictions imposed on Chinese connected vehicles. He stressed the need to clarify national security boundaries within the economic and trade sectors, arguing that doing so would help maintain the security and stability of global industrial and supply chains while fostering a favorable policy environment for business cooperation between the two nations.
Wang urged the U.S. to consider the specific concerns of Chinese enterprises, promptly lift sanctions on Chinese companies, and improve the business environment for Chinese firms operating in the United States.
