/ world today news/ On August 28, the Minister of Commerce of China, Wang Wentao, held talks with the visiting US Secretary of Commerce Gina Raimondo in Beijing.
Wang Wentao expressed serious concerns about US Section 301 tariffs on China, semiconductor policies, two-way investment restrictions, discriminatory subsidies and sanctions against Chinese companies. According to him, the misuse of the concept of national security is not conducive to normal economic and commercial exchanges and will harm the security and stability of global industrial and supply chains.
The two ministers reached a consensus on the importance of an open and fruitful dialogue between China and the US in the fields of economy and trade, and announced the establishment of a new communication channel between the Commerce Ministries of the two countries, which is composed of Chinese and US government officials at the vice-ministerial and director levels. level as well as business representatives to seek solutions to specific commercial issues.
#trade #ministers #China #reached #consensus #importance #open #fruitful #dialogue