BEIJING Aug 30 (Online): China\u2019s premier warned US officials on Tuesday that moves to \u201cpoliticise\u201d trade issues would prove \u201cdisastrous\u201d for the global economy, state media reported.<\/p>\n
US Commerce Secretary Gina Raimondo is currently on a four-day bridge-building visit to China aimed at better managing tensions between the world\u2019s two largest economies.<\/p>\n
But a meeting with Premier Li Qiang on Tuesday saw the top official lay into American trade curbs against Beijing, which Washington insists are necessary for its national security but China says are meant to clip its economic rise.<\/p>\n
\u201cPoliticizing economic and trade issues and overstretching the concept of security will… seriously affect bilateral relations and mutual trust,\u201d he told Raimondo, according to China\u2019s official Xinhua news agency. They \u201calso undermine the interests of enterprises and people of the two countries, and will have a disastrous impact on the global economy\u201d, he added.<\/p>\n
Relations between the two countries have plummeted to some of their lowest levels in decades, with US trade curbs near the top of the list of disagreements.<\/p>\n
This month, Biden issued an executive order aimed at restricting certain US investments in sensitive high-tech areas in China \u2014 a move Beijing blasted as being \u201canti-globalisation\u201d.<\/p>\n
The long-anticipated rules, expected to be implemented next year, target sectors such as semiconductors and artificial intelligence.<\/p>\n
Premier Li on Tuesday urged the United States to change tack, saying \u201cthe two sides should strengthen mutually beneficial cooperation, reduce friction and confrontation, and jointly promote world economic recovery and cope with global challenges\u201d. While Li used their meeting to condemn US policy, Raimondo stressed the importance of open communication.
\nPointing to areas of \u201cglobal concern\u201d like climate change, artificial intelligence and fentanyl addiction, she told Li that Washington wants to \u201cwork with you as two global powers to do what is right for all of humanity\u201d.<\/p>\n
\u201cThe world is expecting us to step up together to solve these problems,\u201d she said.
\nRaimondo also reiterated the US position that it is not seeking to decouple its economy from China\u2019s.<\/p>\n
\u201cWe seek to maintain our $700 billion commercial relationship with China,\u201d she said.
\nIn a readout of the meeting, the US Department of Commerce said Raimondo had \u201cunderscored the US commitment to taking actions necessary to US national security,\u201d as well as \u201censuring fair and transparent treatment of US companies, and creating a level playing field for US workers and businesses\u201d.<\/p>\n
And in an earlier meeting on Tuesday with Vice Premier He Lifeng, she described the US-China commercial relationship as \u201cone of the most consequential\u201d in the world.
\n\u201cManaging that relationship responsibly is critical to both of our nations and indeed to the whole world,\u201d she said during a part of the meeting open to journalists.<\/p>\n
She also rose what Washington sees as unfair trade practices by Beijing, according to Department of Commerce readout, while emphasising the \u201cimportance of strengthening the protection of trade secrets for US businesses operating in China\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING Aug 30 (Online): China\u2019s premier warned US officials on Tuesday that moves to \u201cpoliticise\u201d trade issues would prove \u201cdisastrous\u201d for the global economy, state media reported. US Commerce Secretary Gina Raimondo is currently on a four-day bridge-building visit to China aimed at better managing […]<\/p>\n
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