Daily Management Review

Confirmed: Commerce And Trade Heads From China And The US Will Meet In The US


Confirmed: Commerce And Trade Heads From China And The US Will Meet In The US
Wang Wentao, China's minister of commerce, will meet Katherine Tai, the U.S. trade representative, and U.S. Commerce Secretary Gina Raimondo while in the country, his ministry announced on Thursday.
According to Shu Jueting, a spokesperson for the Chinese trade ministry, Wang and Raimondo will meet on Thursday.
According to sources who spoke to the media, the meeting would take place in Washington, making it the first cabinet-level gathering of American and Chinese officials in the nation's capital under the Biden administration.
For the 2023 APEC Ministers Responsible for Trade Meeting in Detroit, Michigan, from Thursday through Friday, Wang has travelled to the United States and will meet Tai there.
"The Chinese side will exchange views on China-U.S. relations and issues of common concern," Shu said.
According to the Ministry of Commerce, Wang met with representatives of American companies in Shanghai on Monday. These companies included Johnson & Johnson, 3M, Dow, Merck, and Honeywell. Wang informed them that "China will continue to welcome U.S.-funded enterprises to develop in China and achieve win-win results."
China banned the sale of memory chips by American chip giant Micron to important domestic industries on Sunday after classifying the company as a national security risk.
Following a string of raids on American consultants working in China, the restriction was implemented.
Wang's visit to the United States follows a meeting of the Group of Seven (G7) leaders in Hiroshima, where American President Joe Biden and other G7 leaders criticised China for "economic coercion" and declared they would "de-risk" without "decoupling" from the country, which is still a major supplier of chips and minerals to the world.
"China hopes the G7 will not abuse trade and investment restrictions while saying that they will not seek to decouple from the country," Shu said.
This month, in the midst of rumours that top American officials might visit China, Wang met with U.S. Ambassador to China Nicholas Burns in Beijing. In February, Secretary of State Antony Blinken's trip to China was postponed when the U.S. shot down a Chinese surveillance balloon that was flying over critical military installations.
U.S. Treasury Secretary Janet Yellen, along with Raimondo and Blinken, have all shown interest in travelling to China.