https://sputnikglobe.com/20230831/china-warns-us-commerce-secretary-against-trade-decoupling-1113013838.html
China Warns US Commerce Secretary Against Trade 'Decoupling'
China Warns US Commerce Secretary Against Trade 'Decoupling'
Sputnik International
The US has only escalated its trade war with China since Joe Biden entered the White House in 2021, while repeatedly provoking Beijing by semi-official support for Taiwan's attempts claim to formal independence from the mainland.
2023-08-31T13:55+0000
2023-08-31T13:55+0000
2023-08-31T13:58+0000
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China's commerce minister has urged the US to drop "discriminatory" sanctions against his country and give "equal treatment" to Chinese firms.Wang Wentao's spokeswoman said the minister had told his US counterpart Gina Raimondo on her visit earlier this week that Beijing wants a level playing field for Chinese companies doing business in the US.US President Joe Biden's administration has continued the trade war with Beijing begun under his predecessor Donald Trump. It has blocked the export of high-spec microchip manufacturing technology to China, targeted electronics giant Huawei and social media app TikTok, and prosecuted staff of pharmaceutical firms for exporting ingredients for the painkilling drug fentanyl to the US."We believe that a better way to de-risk is to bring China-U.S. economic and trade relations back to a stage of sound and steady development," Shu added.Raimondo said on Tuesday she was "leaving with some optimism" after arriving with little hope of reaching agreement.Huo Jianguo, a vice chairman of the Beijing-based China Society for World Trade Organization Studies, warned that "decoupling" the two economic giants was mutually self-destructive."Cooperation instead of decoupling yields win-win results for both the US and China," Huo told Global Times. "Most US companies in China yielded profits and many have announced plans to expand investment in China this year, since the economy remains a stabilizer of global economic growth."
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china-us relations, us-china trade war, us sanctions on china
China Warns US Commerce Secretary Against Trade 'Decoupling'
13:55 GMT 31.08.2023 (Updated: 13:58 GMT 31.08.2023) The US has only escalated its trade war with China since Joe Biden entered the White House in 2021, while repeatedly provoking Beijing by semi-official support for Taiwan's attempts claim to formal independence from the mainland.
China's commerce minister has urged the US to drop "discriminatory" sanctions against his country and give "equal treatment" to Chinese firms.
Wang Wentao's spokeswoman said the minister had told his US counterpart Gina Raimondo on her visit earlier this week that Beijing wants a level playing field for Chinese companies doing business in the US.
"China demands the US give equal treatment to Chinese enterprises investing in the US in terms of market access, regulatory enforcement, public procurement and policy support," said Shu Jueting. "China expressed serious concerns about the U.S.' discriminatory [Section] 301 tariffs."
US President Joe Biden's administration has continued the trade war with Beijing begun under his predecessor Donald Trump. It has blocked the export of high-spec microchip manufacturing technology to China, targeted electronics giant
Huawei and social media app
TikTok, and prosecuted staff of
pharmaceutical firms for exporting ingredients for the painkilling drug fentanyl to the US.
"We believe that a better way to de-risk is to bring China-U.S. economic and trade relations back to a stage of sound and steady development," Shu added.
Raimondo said on Tuesday she was "leaving with some optimism" after arriving with little hope of reaching agreement.
30 August 2023, 17:09 GMT
Huo Jianguo, a vice chairman of the Beijing-based China Society for World Trade Organization Studies, warned that "decoupling" the two economic giants was mutually self-destructive.
"Cooperation instead of decoupling yields win-win results for both the US and China," Huo told
Global Times. "Most US companies in China yielded profits and many have announced plans to expand investment in China this year, since the economy remains a stabilizer of global economic growth."
