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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBeijing Is Open To Raimondo China Visit
MNI London: Comments hitting wires from the Chinese Commerce Ministry stating that China is "open" to a visit from US Commerce Secretary Gina Raimondo and is, "in communication with the US side," ... "pushing for constructive, pragmatic cooperation," with the US.
- Raimondo has been instrumental in crafting much of the Biden administration policy on semiconductor and tech export controls and is considered by many analysts to be the US official most central to stabilising the US-China commercial relationship.
- Wu Xinbo, at Fudan University, told the NYT after Treasury Secretary Janet Yellen's China trip last week that a Raimondo visit would be, "critical in showing whether the United States is ready to address China’s concerns."
- Raimondo met her counterpart, Wang Wentao, in Washington in May, the first cabinet-level meeting since the 'spy balloon' incident, with the Commerce Department reporting, "The two had candid and substantive discussions on issues relating to the U.S.-China commercial relationship."
- Beijing's willingness to expand cabinet-level talks suggests that the Yellen trip achieved its primary objective of reopening lines of communication and a Biden-Xi meeting at the November APEC Summit in San Francisco remains on the cards.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.