High-ranking United States and Chinese officers held a collection of financial coverage conferences on Tuesday in Beijing, within the newest signal that each international locations are attempting to cease the lengthy deterioration of their relationship and restore communications.
Gina Raimondo, the U.S. commerce secretary, and different high officers from her division on Tuesday afternoon met with Vice Premier He Lifeng on the Great Hall of the People, subsequent to Tiananmen Square within the coronary heart of Beijing. Mr. He has broad oversight of financial coverage, and has lengthy been closely associated with Xi Jinping, China’s high chief.
Seated in a red-carpeted reception room on the second flooring of the Great Hall, Mr. He mentioned initially of their assembly that he was able to work with Ms. Raimondo, and hoped the United States would undertake rational and sensible insurance policies. She responded by laying out what the Biden administration sees as its priorities.
“The U.S.-China commercial relationship is one of the most globally consequential, and managing that relationship responsibly is critical to both our nations and indeed to the whole world,” Ms. Raimondo mentioned. “And while we will never of course compromise in protecting our national security, I want to be clear that we do not seek to decouple or to hold China’s economy back.”
Ms. Raimondo additionally met with Premier Li Qiang, China’s second-highest official. In remarks forward of that assembly, Ms. Raimondo mentioned that the United States hopes that the industrial ties between the 2 international locations “can provide stability for the overall relationship.” She added that there have been areas of world concern — reminiscent of local weather change, synthetic intelligence and the fentanyl disaster — the place “the world is expecting us to step up together to solve these problems.”
The commerce secretary, greater than midway by way of a four-day journey, is the fourth senior Biden administration official to journey to China in three months. American officers are attempting to advertise financial ties with China whereas additionally clamping down, within the curiosity of nationwide safety, on exports of superior applied sciences with army purposes.
On Monday, Ms. Raimondo and China’s commerce minister, Wang Wentao, agreed to carry common discussions between the 2 international locations on industrial points. Those talks are set to incorporate enterprise leaders in addition to authorities officers. The two governments additionally agreed to alternate data, beginning with a gathering by their senior aides on Tuesday morning in Beijing, about how the United States enforces its export controls.
Ms. Raimondo met on Tuesday with China’s Minister of Culture and Tourism, Hu Heping. That assembly got here lower than three weeks after Beijing lifted a ban on group excursions to the United States that it had imposed in the course of the pandemic, when China nearly fully closed its borders for practically three years.
The two ministers agreed on the assembly that the United States and China would host a gathering in China early subsequent 12 months to advertise the journey business, the most recent in a collection of enterprise promotion actions that Ms. Raimondo has been organizing.
Travel from China to the United States stays at lower than a 3rd of prepandemic ranges, the United States Travel Association, an business group, mentioned on Saturday.
Content Source: www.nytimes.com