Visit of US Commerce Secretary to China as Efforts Are Being Made to Strengthen Relations
US Secretary of Commerce Gina Raimondo is set to meet with Chinese officials and American business leaders in an effort to improve relations between the two countries. The visit aims to discuss issues related to the US-China commercial relationship, challenges faced by US businesses, and potential areas of cooperation. The visit follows the imposition of foreign investment controls by the US Commerce Department, which have affected several Chinese companies. The meeting comes as trade tensions between the US and China continue to escalate. President Joe Biden recently signed an executive order imposing restrictions on US high-tech investment in China, citing national security concerns. Despite political differences, China is willing to engage in economic discussions due to the importance of trade with the US. However, China’s crackdown on foreign companies has caused loss of confidence and prompted global companies to shift their investment plans to other countries.
