Commerce Secretary Gina Raimondo To Visit China Aug 27-30

The US Department of Commerce has confirmed that Commerce Secretary Gina Raimondo will travel to China August 27-30 for meetings with Senior Chinese officials.

• Politico reported yesterday that US and Chinese officials could discuss, "opening up more sectors for foreign investors between China and Washington, even as the U.S. moves to restrict trade in a narrow set of advanced technology sectors."
• The New York Times reports that, "meetings are [...] expected to touch on the technology restrictions... which have prohibited companies in fields like artificial intelligence and quantum computing from sharing their most advanced technology with China."
• Bloomberg reports that, ahead of the trip, the Commerce Department has "lifted restrictions on 27 Chinese companies and organizations, a sign Washington is extending an apparent olive branch..."
• Chinese Ministry of Foreign Affairs spokesperson, Wang Wenbin, welcomed the move, saying it showed “the two sides can address specific concerns through communication, based on mutual respect.”
• Raimondo will become the fourth member of US President Joe Biden's cabinet to visit China since June, following visits from Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, and Climate Envoy John Kerry.