Commerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.
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"We want to have a stable commercial relationship – and core to that is regular communication," Raimondo said. "We need to communicate to avoid conflict." Commerce Secretary Gina Raimondo, second from left, shakes hands with Lin Feng, director general of the China Ministry of Commerce, as U.S. Ambassador to China Nicholas Burns, right, looks on as she arrives in Beijing on Aug. 27, 2023.
Her visit to China comes a little more than one year after the bipartisan CHIPS Act was signed into law, which provided $52 billion in subsidies and incentives to build semiconductor manufacturing facilities in the U.S. to boost domestic production and reduce"Just because we’re investing in America does not mean at all that we want to decouple from China’s economy," Raimondo said.
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US Commerce chief seeks trade, tourism boost in China talksU.S. Commerce Secretary Gina Raimondo arrives in Beijing on Sunday for a four-day visit aimed at boosting business ties between the world's two largest economies while declaring American national security trade measures off-limits for debate.
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