What’s new: U.S. Secretary of Commerce Gina Raimondo will visit China from Sunday to Aug. 30 at the invitation of her Chinese counterpart Wang Wentao, the Ministry of Commerce announced Tuesday in a statement.
Raimondo will travel to Beijing and Shanghai next week and meet with senior Chinese officials and U.S. business leaders, according to the U.S. Department of Commerce.
During her four-day trip, Raimondo hopes to discuss issues related to “the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation,” the Commerce Department statement said.
The background: The announcement by the Ministry of Commerce came after the U.S. Bureau of Industry and Security said Monday Washington time that it removed 27 Chinese entities — including two universities and several optics companies — from its “unverified list,” after successfully completing end-use checks.
Raimondo’s trip to China follows visits by senior U.S. officials including Secretary of State Antony Blinken, Treasury Secretary Janet Yellen and U.S. climate envoy John Kerry, as the two countries seek to stabilize their relationship.
The Biden administration has implemented strict curbs on China’s access to U.S. investment and technology, including an executive order signed earlier this month to limit U.S. investment in China in high-tech sectors and export control measures imposed last October on chip products.
Contact reporter Kelly Wang (jingzhewang@caixin.com) and editor Bertrand Teo (bertrandteo@caixin.com)
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