U.S. Commerce Secretary Urges China for Business Predictability
U.S. Commerce Secretary Gina Raimondo has urged China to provide more predictability and a level playing field for American businesses operating in the country. Raimondo emphasized the need for due process and a fair business environment during her visit to China, where she met with government officials in Beijing and Shanghai. She highlighted concerns about forced tech transfers, preferential treatment for local companies, and the potential national security risks associated with advanced technology. Raimondo called for concrete actions from China to create a more predictable business environment and build confidence in bilateral trade relations. Both countries recently agreed to establish regular communication channels on commerce, export controls, and protecting trade secrets.