Both sides recognise the significance of enterprise exchanges and can maintain traces of communication open, the Chinese assertion mentioned after Commerce Minister Wang Wentao spoke with U.S. Commerce Secretary Gina Raimondo.
“They agreed to promote the healthy development of trade and investment and cooperate in a pragmatic way to handle their differences,” the Chinese ministry mentioned.
Earlier this month, Chinese Vice Premier Liu spoke with U.S. Treasury Secretary Janet Yellen, and late final month he held a equally “candid” change of views with U.S. Trade Representative Katherine Tai.
The world’s two greatest economies are at loggerheads on a wide range of fronts, with the U.S. Senate this week approving a sweeping package deal of laws supposed to increase the nation’s skill to compete with Chinese expertise, drawing robust criticism from Beijing.
On Wednesday, nonetheless, President Joe Biden withdrew a collection of Trump-era government orders that sought to ban new downloads of the favored Chinese-owned WeChat and TikTok, and ordered a Commerce Department evaluation of safety considerations posed by these apps and others.
In a Thursday editorial, official China Daily saying in an editorial that the U.S. expertise laws is “really deployment for Cold War.”