SHANGHAI/WASHINGTON—The Biden administration’s top commerce official told her Chinese counterpart that Washington is concerned about Beijing’s unfair and market-distorting industrial policies, the Commerce Department said on Thursday, the latest high-level exchange as the countries spar over disagreements. The department said U.S. Commerce Secretary Gina Raimondo’s phone call with China’s Commerce Minister Wang Wentao also includedSHANGHAI/WASHINGTON—The Biden administration’s top commerce official told her Chinese counterpart that Washington is concerned about Beijing’s unfair and market-distorting industrial policies, the Commerce Department said on Thursday, the latest high-level exchange as the countries spar over disagreements. The department said U.S. Commerce Secretary Gina Raimondo’s phone call with China’s Commerce Minister Wang Wentao also included discussion of Washington’s view on “the need to level the playing field for U.S. companies in China and the importance of protecting U.S. technology from unauthorized users.” China’s commerce ministry said separately that the two officials agreed to keep lines of communication open. “They agreed to promote the healthy development of trade and investment and cooperate in a pragmatic way to handle their differences,” the Chinese ministry said in a statement. Earlier this month, Chinese Vice Premier Liu spoke with U.S. Treasury Secretary Janet Yellen, and late last month he held a similarly “candid” exchange … …Read More

By Reuters

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