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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 AccessPolitico: Commerce Sec Raimondo To Travel To China This Week
Politico reports that US Commerce Secretary Gina Raimondo is expected to visit China this week for talks on the Biden administration's plans to "de-risk" critical supply chains.
- Politico reports: "The Chinese embassy said Thursday it would welcome Raimondo, but warned that Beijing is considering retaliating against a White House order to restrict American investment into advanced technology sectors in China."
- Politico writes, "officials could also 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."
- Raimondo's trip is likely to illicit a critical response from hawks in Congress who have called on the administration to expand restrictions on China.
- Rep Mike Gallagher (R-WI) and Senator Bill Hagerty (R-TN) in a letter, called on Raimondo to, "publicly clarify that U.S. export controls are non-negotiable," and warned the Secretary against "joining the Chinese government in a working group."
- House Foreign Affairs Committee Chair Michael McCaul (R-TX) said: “We cannot keep sending senior administration officials to Beijing when they continue to only respond with provocation and hostility.”
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.