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US’s Gina Raimondo concludes China visit on mixed notes

US Commerce Secretary Gina Raimondo concluded her four-day visit to China, where she met with top Chinese officials to discuss trade and investment. Raimondo stated that many US businesses consider China "uninvestible" due to increasing risks, while the Chinese embassy in Washington responded that most US firms doing business in China were profitable. The two sides made minor progress, including an "information exchange" on US technology export controls and an agreement to hold a China-US Tourism Leadership Summit next year. Raimondo also raised concerns about China's ban on Micron Technology memory chips, calling for transparency and a level playing field.

The post US’s Gina Raimondo Concludes China visit on mixed notes appeared first on Balanced News Summary.



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