“I’m also very realistic and clear-eyed about the challenges. And the challenges are significant,” she told reporters before leaving Washington on Saturday...
WASHINGTON — Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s two largest economies. She promises to be “practical” without compromising the U.S. push to “responsibly” manage that economic relationship.
The secretary said she wants to find “actionable, concrete steps where we can move forward on the commercial relationship,” but she offered few details. One matter to be discussed is promoting Chinese travel and tourism to the United States, with Raimondo noting the recent easing of restrictions on large Chinese groups visiting the U.S.
There are divisions around the economy, too, particularly after the imposition of U.S. foreign investment controls that have stung numerous Chinese companies. China has accused the U.S. of “using the cover of ‘risk reduction’ to carry out ‘decoupling and chain-breaking,’” and has increased its own trade in Asia.
She said attempts to boost the U.S. economy by promoting manufacturing, a centerpiece of Biden’s 2024 reelection campaign, “does not mean, at all, that we want to decouple from China’s economy. And I plan to make that very clear in my meetings.” “It’s hard to solve problems in any relationship if you don’t communicate. And lack of communication results in rising tensions and a spiral to a bad place,” Raimondo said.
“They have got some problems. That’s not good because when bad folks have problems, they do bad things,” the president said, pointing to China’s recent declines in growth rates.
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