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Sunday, December 3, 2023

U.S. Does Not Need to ‘Decouple’ From China, Raimondo Says


Gina Raimondo, the U.S. secretary of commerce, instructed Chinese language officers on Tuesday that the US was not in search of to sever financial ties with China, however she expressed a litany of considerations that had been prompting the enterprise neighborhood to explain China as “uninvestable.”

Ms. Raimondo, who oversees each commerce promotion and U.S. limits on China’s entry to superior know-how, spoke with a number of of China’s prime officers on Tuesday. That included assembly with Premier Li Qiang, China’s second-highest official, and Vice Premier He Lifeng, who oversees many financial points, on the Nice Corridor of the Individuals, subsequent to Tiananmen Sq. within the coronary heart of Beijing.

Ms. Raimondo mentioned she had pressed Chinese language officers on quite a lot of challenges dealing with American companies working in China. Corporations have expressed considerations about long-running points like mental property theft in addition to a raft of newer developments, like raids on companies, a brand new counterespionage legislation and exorbitant fines that come with out explanations, she mentioned throughout an prolonged interview with reporters on a high-speed prepare from Beijing to Shanghai on Tuesday night.

“More and more, I hear from companies China is uninvestable as a result of it has develop into too dangerous,” she mentioned.

Ms. Raimondo mentioned after the conferences that she had raised the varied considerations of U.S. corporations like Intel, Micron and Boeing, however that she “didn’t obtain any commitments.” Beijing scuttled Intel’s acquisition of one other semiconductor firm earlier this month by not giving the deal antitrust approval. It has additionally severely restricted a few of Micron’s semiconductor gross sales in China since Might and has halted nearly all purchases of Boeing jets over the past a number of years, primarily selecting Airbus plane from Europe as an alternative.

“I used to be very agency in our expectations. I feel I used to be heard,” she added. “We’ll need to see in the event that they take any motion.”

Ms. Raimondo additionally requested for China’s cooperation on broader threats like local weather change, fentanyl and synthetic intelligence. The Chinese language in flip requested for the US to scale back export controls on superior know-how and retract a current government order that bans new investments in sure superior applied sciences, Ms. Raimondo mentioned. The commerce secretary mentioned she had refused these requests. “We don’t negotiate on issues of nationwide safety,” she mentioned.

Nonetheless, Ms. Raimondo tried to guarantee the Chinese language that export controls utilized solely to a small proportion of U.S.-China commerce, and that different financial alternatives between the international locations needs to be embraced.

“This isn’t about decoupling,” she mentioned. “That is about sustaining our very consequential commerce relationship, which is nice for America, good for China and good for the world. An unstable financial relationship between China and the US is unhealthy for the world.”

The official Xinhua information company mentioned late Tuesday that Premier Li had instructed Ms. Raimondo that financial relations between China and the US had been “mutually helpful.” However he additionally warned that “politicizing financial and commerce points and overstretching the idea of safety is not going to solely significantly have an effect on bilateral relations and mutual belief, but in addition undermine the pursuits of enterprises and other people of the 2 international locations, and may have a disastrous influence on the worldwide economic system.”

Ms. Raimondo’s go to is a part of an effort by the Biden administration to cease an extended deterioration within the U.S. relationship with China and restore communications. She is the fourth senior Biden administration official to journey to China in three months.

Her conversations with Chinese language officers — which ranged from problems with nationwide safety to business alternatives for tourism — attested to each the financial potential of the buying and selling relationship and its immense challenges.

Chinese language officers have welcomed her go to as a chance to scale back tensions and air their considerations. Seated in a red-carpeted reception room on the second flooring of the Nice Corridor, Mr. He mentioned firstly of their assembly that he was able to work with Ms. Raimondo, and hoped the US would undertake rational and sensible insurance policies. She responded by laying out what the Biden administration sees as its priorities.

“The U.S.-China business relationship is among the most globally consequential, and managing that relationship responsibly is vital to each our nations and certainly to the entire world,” Ms. Raimondo mentioned. “And whereas we are going to by no means after all compromise in defending our nationwide safety, I wish to be clear that we don’t search to decouple or to carry China’s economic system again.”

On Monday, Ms. Raimondo and China’s commerce minister, Wang Wentao, met and agreed to carry common discussions between the 2 international locations on business points. These talks are set to incorporate enterprise leaders in addition to authorities officers. The 2 governments additionally agreed to alternate data, beginning with a gathering by their senior aides on Tuesday morning in Beijing, about how the US enforces its export controls.

Earlier on Tuesday, Ms. Raimondo met with China’s minister of tradition and tourism, Hu Heping. That assembly got here lower than three weeks after Beijing lifted a ban on group excursions to the US that it had imposed throughout the pandemic, when China closed its borders nearly utterly for practically three years.

The 2 ministers agreed on the assembly that the US and China would host a gathering in China early subsequent 12 months to advertise the journey trade, the newest in a collection of enterprise promotion actions that Ms. Raimondo has been organizing.

Journey from China to the US stays at lower than a 3rd of prepandemic ranges, the US Journey Affiliation, an trade group, mentioned on Saturday.

The variety of nonstop flights between the 2 international locations continues to be lower than a tenth of its stage earlier than the pandemic. Chinese language airways carried many of the passengers between the 2 international locations earlier than the pandemic. However after Beijing incessantly blocked American carriers’ flights to China throughout the pandemic due to Covid instances aboard — whereas permitting Chinese language carriers’ flights to proceed — the Biden administration started insisting on strict reciprocity.

Following the retirement of many pilots and flight attendants throughout the pandemic, American carriers have struggled to satisfy journey demand inside the US. They’ve been gradual to revive long-haul providers to China, which require many crews to function, though United Airways introduced lately that this autumn it could improve the frequency of flights from San Francisco to Shanghai, and would resume flights from San Francisco to Beijing.

Senior American officers have beforehand tended to fly between Beijing and Shanghai throughout visits to China, however the Commerce Division determined to maneuver its sizable delegation by prepare on this journey. Large Chevrolet Suburban sport utility autos carrying Ms. Raimondo and her aides pulled straight up onto the prepare platform to unload them into one in every of China’s high-speed electrical trains, which journey for lengthy stretches at 217 miles per hour, or 350 kilometers an hour.

The trains journey from Beijing to Shanghai, a distance akin to the journey from New York to Atlanta or Chicago, in as little as 4 and a half hours, relying on what number of stops they make. The trains, often with 16 or extra passenger vehicles, depart a number of occasions an hour in every course.


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