Gina Raimondo advocates for ‘stable economic ties’ with China

It seems that Chinese restrictions on rare earth metals are of the most concerns

It is of utmost importance that the economic ties between the United States and China remain stable. This was stated by the U.S. Secretary of Commerce, Gina Raimondo, at the beginning of a three-day visit to Beijing and Shanghai.

During her visit to China, Raimondo will hold discussions with political and business leaders to invigorate the trade relations between the world’s two largest economies.

The relationship with China, which became embroiled in a trade war with the U.S. under former President Donald Trump and current President Joe Biden, is a crucial aspect of Raimondo’s responsibilities. The relations between these two major powers have not been worse in decades, which Beijing attributes in part to American trade restrictions.

In recent months, several high-ranking U.S. government officials, including Secretary of State Antony Blinken, have traveled to China to keep tensions manageable. This likely paves the way for a meeting between Biden and his Chinese counterpart, Xi Jinping. According to Biden, this meeting could take place sometime this year.

Simultaneously, as the U.S. administration seeks to improve relations, it is also preparing to restrict China’s access to essential technologies, including semiconductors and artificial intelligence, through new legislation. Xi has characterized these moves as “anti-globalization.”

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