SHANGHAI/WASHINGTON—The Biden administration’s prime commerce official advised her Chinese language counterpart that Washington is worried about Beijing’s unfair and market-distorting industrial insurance policies, the Commerce Division stated on Thursday, the most recent high-level alternate because the international locations spar over disagreements.
The division said U.S. Commerce Secretary Gina Raimondo’s cellphone name with China’s Commerce Minister Wang Wentao additionally included dialogue of Washington’s view on “the necessity to degree the taking part in area for U.S. corporations in China and the significance of defending U.S. know-how from unauthorized customers.”
China’s commerce ministry stated individually that the 2 officers agreed to maintain traces of communication open.
“They agreed to advertise the wholesome improvement of commerce and funding and cooperate in a realistic approach to deal with their variations,” the Chinese language ministry stated in an announcement.
Earlier this month, Chinese language Vice Premier Liu spoke with U.S. Treasury Secretary Janet Yellen, and late final month he held a equally “candid” alternate of views with U.S. Commerce Consultant Katherine Tai.
The world’s two largest economies are at loggerheads on quite a lot of fronts, with the U.S. Senate this week approving a sweeping package deal of laws supposed to spice up the nation’s means to compete with China-made know-how over nationwide safety considerations. The transfer drew criticism from China’s communist social gathering in Beijing.
On Wednesday, nonetheless, President Joe Biden withdrew a series of Trump-era executive orders that sought to ban new downloads of the favored Chinese language-owned WeChat and TikTok, and ordered a Commerce Division evaluation of safety considerations posed by these apps and others.
By Colin Qian, Engen Tham, and Tony Munroe