U.S. Commerce Secretary Raimondo calls on China to provide more predictability for business
Publishing timestamp: 2023-08-30 05:34:07
Summary
U.S. Commerce Secretary Gina Raimondo has called on China to improve the predictability of the business environment for American companies in the country. She emphasized the need for due process and a level playing field. Raimondo also highlighted concerns about forced tech transfers, preferential treatment for local companies, and China's trade surplus with the U.S. Both the U.S. and China have emphasized national security concerns. While there have been calls for more predictable business environments and increased communication, there are doubts about real breakthroughs and a fundamental contradiction in the Biden administration's China strategy. Raimondo concluded her trip with a visit to Boeing executives in Shanghai, where she expressed hope for the resumption of 737 Max deliveries to China.
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Keywords: boeing co, business news, markets, market insider, stock markets, gina raimondo, foreign policy, united states, china,