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.
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. "Politicizing economic and trade issues and overstretching the concept of security will ... seriously affect bilateral relations and mutual trust," Li told Raimondo, according to China's official Xinhua news agency.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US seeking more 'predictable' business environment in China: RaimondoSHANGHAI: 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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »