August 28, 2023

Chinese Commerce Minister Wang Wentao and US Commerce Secretary Gina Raimondo held “rational, candid and constructive” talks on Monday, the second day of the US commerce chief’s four-day high-stake trip to China, and the two sides announced to set up new communication channels to address various issues.  

In a late-night statement, the Chinese Commerce Ministry (MOFCOM) said Wang also raised serious concerns about various US policies toward China such as Section 301 tariffs, semiconductor policies, restrictions on investments and sanctions on Chinese firms, stressing that overstretching the concept of national security is not conducive to bilateral trade. 

Establishment of the new communication mechanisms showed both sides are taking necessary measures to enhance talks to address disputes; however, concrete actions by Washington to address China’s core concerns over crackdown measures are needed for a stable bilateral economic and trade relationship, experts said. 

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