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Com Sec-Hope To See Some Results In Coming Months From China Meetings

US-CHINA

(MNI) London - Wires carrying comments from US Commerce Secretary Gina Raimondo, speaking in Shanghai as part of her China trip. States that 'US businesses want to do business in China.' Raimondo hopes in next few months to 'see some results' after China meetings.

  • Raimondo: US told China in export control meeting this week we are not targeting China....Expects constant informal information sharing with China on export controls....Had no expectation in first meetings US would suddenly resolve specific issues involving companies like Intel, Micron or Boeing.
  • Raimondo: Brought up Visa, Mastercard China business issues in meetings. US needs reciprocity, citing Visa and Mastercard compared to Alipay.
  • Raimondo: There is a strong appetite among US businesses to make relationship work.
  • Raimondo: Some actions of the Chinese gov't are positive, but US needs to see the situation on the ground match the rhetoric.
  • For more details and analysis on Raimondo's visit see our latest US Daily Brief here.
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