SHANGHAI: The United States wants to work with China to ensure a more 'predictable' environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on Wednesday (Aug 30). Speaking with Shanghai Communist Party chief Chen Jining on day four of a bridge-bu
Those fears have been compounded this year by a broad crackdown on US consulting firms operating in China., which came into force on Jul 1, has also spooked foreign and domestic firms as they try to decipher authorities' intentions and, crucially, pinpoint what is off-limits.
In a Tuesday meeting with Vice Premier He Lifeng in Beijing, Raimondo raised what Washington sees as unfair trade practices by China, according to a US Department of Commerce readout. She also emphasised the"importance of strengthening the protection of trade secrets for US businesses operating in China".
The commerce secretary is one of a number of senior US officials to visit China in recent months - part of an effort by Washington to improve its working relationship with its largest strategic rival. Raimondo has used the trip to seek more open discussions with the Chinese over restrictive trade curbs and the two sides have agreed to set up a working group to iron out the laundry list of trade disputes between them.
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China, in response to US's Raimondo, says it is easing market access for foreign firmsSHANGHAI/WASHINGTON : China's embassy in Washington on Tuesday defended its business practices after U.S. Commerce Secretary Gina Raimondo said U.S. firms had told her that China had become 'uninvestible.'Asked to respond to the comments Raimondo made in China, embassy spokesperson Liu Pengyu said that mo
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China's 'aggressive behaviour' in South China Sea must be challenged, says US Navy officialMANILA — China's 'aggressive behaviour' in the South China Sea, including the use of water canon by its coast guard against a Philippine vessel, must be challenged and checked, the commander of the US Navy's Seventh Fleet said on Sunday (Aug 27). Vice Admiral Karl Thomas assured the Philippines of US backing in the face of 'shared challenges' in the...
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China, US set to hold fresh talks on trade disputesBEIJING: US and Chinese officials will hold a fresh round of talks on contentious trade issues on Tuesday (Aug 29), the third day of a visit to Beijing by US Commerce Secretary Gina Raimondo. Raimondo's trip to China is the latest by a senior US official in recent months as Washington seeks to def
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China companies' fundraising options narrow after IPO restrictionsSHANGHAI/HONG KONG : China's surprise move to slow the pace of mainland initial public offerings (IPOs) in an attempt to bolster the secondary market will cloud the fundraising plans of hundreds of companies and will weigh on the economy, bankers and lawyers said.The regulatory decision was part of a pac
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US commerce chief set to meet Chinese Vice-Premier in BeijingMs Gina Raimondo has made boosting travel and tourism a big part of her trip. Read more at straitstimes.com.
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US commerce chief meets Chinese premier in BeijingMs Gina Raimondo has made boosting travel and tourism a big part of her trip. Read more at straitstimes.com.
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