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By Kanishka Singh
WASHINGTON (Reuters) – U.S. officers on Thursday raised business and market entry points impacting American firms in a gathering with Chinese language officers on Thursday, the U.S. Commerce Division stated, with cross-border information flows and regulatory transparency amongst matters mentioned.
Washington has raised issues with Beijing for years over restricted entry to the Chinese language marketplace for U.S. firms.
Thursday’s assembly, the primary between a business points working group that was shaped final 12 months, was led by the U.S. below secretary of commerce for worldwide commerce, Marisa Lago, and Chinese language Vice Minister of Commerce Wang Shouwen.
Lago “additionally raised sturdy issues concerning rising overcapacity in a spread of Chinese language industrial sectors that impression U.S. staff and companies,” the Commerce Division stated in a press release.
U.S. and Chinese language officers have saved strains of communication open in current months. President Joe Biden and Chinese language President Xi Jinping held a name on Tuesday, their first direct talks since a gathering in November.
Xi and Biden within the name mentioned U.S. efforts to dam sure U.S. applied sciences, together with superior semiconductors, from export to China. Xi had warned Biden that the U.S. is “not de-risking however creating dangers” by suppressing China’s commerce and know-how growth and including new entities to U.S. sanctions lists.
The White Home stated Biden raised issues with Xi about what Washington described as China’s “unfair commerce insurance policies and non-market financial practices.”
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