US restrictions on China provide room for investment and trade. This was stated by the head of the US Department of Commerce, Gina Raimondo, during a telephone conversation with the head of the Ministry of Commerce of the People’s Republic of China, Wang Wentao, TASS reports with reference to the press service of the US Department of Commerce.
According to the agency, it highlighted the US business community’s continued concern over declining regulatory transparency in China, non-market policies and practices, as well as structural overcapacity in several industrial sectors.
Raimondo noted that US national security is non-negotiable, and the US authorities’ approach to restrictions against the People’s Republic of China aims to ensure it “in the most specific way possible, leaving room for trade and investment.” “healthy.”
“The parties agreed to maintain an open channel of communication in the coming months.” —concluded the press service of the American Department of Commerce.
In turn, the Ministry of Commerce of the People’s Republic of China reported that during the conversation Wang Wentao stated that trade and economic ties must become a stabilizing factor in relations between Beijing and Washington. He also expressed China’s concern over US sanctions related to the supply of semiconductors to China and the export of Chinese cars to the United States.
Wang Wentao called for lifting sanctions on Chinese companies and improving the business environment for Chinese companies in the United States.
