US Secretary of Commerce left for China to improve economic relations between countries
Date: 2023-08-28 Author: Кирило Загоруйко Categories: ECONOMY
It is reported by Reuters.
She will hold bilateral meetings with Chinese officials and travel to Shanghai.
Raimondo said she would convey to Chinese officials that “when it comes to national security, we don't negotiate. We don't make concessions. We don't compromise."
Relations between the countries are now strained as the United States works with allies to block China's access to semiconductors, while Beijing restricts supplies from well-known chipmaker Micron Technology and fined US firm Mintz Group $1.5 million.
In August, the White House began banning some US investment in sensitive technology in China and plans to soon end the sweeping semiconductor export restrictions it enacted back in October.
Raimondo also wants to revive tourism between the two countries.
This month, China and the United States have already agreed to double the number of flights between their cities.
If China returns from the US to 2019 tourism levels, that would add $30 billion to the US economy and 50,000 US jobs, Raimondo said.
