{"id":26186,"date":"2023-08-28T13:29:39","date_gmt":"2023-08-28T13:29:39","guid":{"rendered":"https:\/\/belalcazar.org\/?p=26186"},"modified":"2023-08-28T13:29:39","modified_gmt":"2023-08-28T13:29:39","slug":"u-s-and-china-agree-to-broaden-talks-in-bid-to-ease-tensions","status":"publish","type":"post","link":"https:\/\/belalcazar.org\/business\/u-s-and-china-agree-to-broaden-talks-in-bid-to-ease-tensions\/","title":{"rendered":"U.S. and China Agree to Broaden Talks in Bid to Ease Tensions"},"content":{"rendered":"
The United States and China on Monday agreed to hold regular conversations about commercial issues and restrictions on access to advanced technology, the latest step this summer toward reducing tensions between the world\u2019s two largest economies.<\/p>\n
The announcement came during a visit to Beijing by Gina Raimondo, the U.S. commerce secretary, who is meeting with senior Chinese officials in Beijing and Shanghai this week.<\/p>\n
The agreement to hold regular discussions is the latest move toward rebuilding frayed links between the two countries, a process that had already begun during three trips in the past 10 weeks by senior American officials: Secretary of State Antony J. Blinken, Treasury Secretary Janet L. Yellen and John Kerry, the president\u2019s climate envoy.<\/p>\n
\u201cI think it\u2019s a very good sign that we agreed to concrete dialogue and I would say, more than just kind of nebulous commitments to continue to talk, this is an official channel,\u201d Ms. Raimondo said in an interview after four hours of negotiations with China\u2019s commerce minister, Wang Wentao.<\/p>\n
Bilateral talks about trade, technology and other economic issues were once the norm between the United States and China, but those discussions have atrophied in recent years. China halted eight bilateral discussion groups a year ago in retaliation for a visit to Taiwan by Representative Nancy Pelosi, the California Democrat who was House speaker at the time.<\/p>\n
The flight of a Chinese spy balloon that traveled across the United States and was then shot down over the Atlantic Ocean last winter only deepened divisions between China and the United States, and resulted in Mr. Blinken initially canceling a trip to Beijing.<\/p>\n
But relations have begun to thaw as both nations, whose economies are tied to one another, have opened the door to resuming diplomatic ties.<\/p>\n
Ms. Raimondo said on Monday night that she had an \u201copen\u201d and \u201cpragmatic\u201d discussion with Mr. Wang, and that she had raised the American business community\u2019s concerns about China\u2019s recent actions against Intel and Micron Technology, two semiconductor companies in the United States. The Chinese government has scuttled this summer a large acquisition planned by Intel and has blocked sales in China by Micron.<\/p>\n
She said two separate dialogues would be established: One would be a working group that included business representatives and would focus on commercial issues. The other would be a governmental information exchange on export controls.<\/p>\n
Ms. Raimondo also said she and the Chinese commerce minister had agreed to meet with each other at least annually.<\/p>\n
She said that the new dialogue on technology controls had been set up to share more information about U.S. export restrictions on advanced technology, but said that did not mean that the United States would be compromising on issues of national security. The first meeting of the export control group will take place in Beijing on Tuesday.<\/p>\n
Some Republicans have criticized the idea of establishing a working group, calling it \u201cinappropriate\u201d for the Biden administration to discuss national security policy with China.<\/p>\n
Ms. Raimondo said she had spoken to nearly 150 business leaders in preparation for her trip and that they had given her a common message: We need more channels of communication.<\/p>\n
\u201cA growing Chinese economy that plays by the rules is in all of our interests,\u201d she said.<\/p>\n
Michael Hart, the president of the American Chamber of Commerce in China, also welcomed the bilateral talks. \u201cThere hasn\u2019t been enough government-to-government interaction,\u201d he said.<\/p>\n
He added that there had been a change in direction from Chinese officials this summer, with an increased willingness to hold discussions.<\/p>\n
\u201cIt used to be at every meeting I went to, the first five minutes were \u2018everything is America\u2019s fault\u2019,\u201d Mr. Hart said. \u201cIt\u2019s definitely toned down now, government officials understand the importance of U.S.-China trade.\u201d<\/p>\n
Ana Swanson<\/span> is based in the Washington bureau and covers trade and international economics for The Times. She previously worked at The Washington Post, where she wrote about trade, the Federal Reserve and the economy. More about Ana Swanson<\/span><\/p>\n Keith Bradsher<\/span> is the Beijing bureau chief for The Times. He previously served as bureau chief in Shanghai, Hong Kong and Detroit and as a Washington correspondent. He has lived and reported in mainland China through the pandemic. More about Keith Bradsher<\/span><\/p>\n