US seeking more 'predictable' business environment in China

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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.

Speaking with Shanghai Communist Party chief Chen Jining on day four of a bridge-building trip to China, Raimondo said a 'stable economic relationship is good for America, good for China and good for the world.''The US-China economic relationship is among the most consequential in the world,' she told Chen.

AFP PHOTOThose fears have been compounded this year by a broad crackdown on US consulting firms operating in China.A new anti-espionage law, which came into force on July 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.

 

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