U.S. Commerce Secretary Gina Raimondo and his counterpart in China addressed concerns over investment and trade policies between the two countries during a meeting on Thursday in Washington, the Financial Times reported Friday.
The U.S. Department of Commerce said Raimondo and Wang Wentao, China’s commerce minister, had “candid and substantive” talks with regard to trade and investment, including the actions by the Chinese government against U.S. companies operating in the Asian country.
The Chinese commerce ministry issued a statement saying Wang expressed concerns about U.S. export controls for semiconductors and a proposal to assess outbound investments for security reasons.
The U.S. Commerce Department said the meeting between Raimondo and Wang sought to “maintain open lines of communication and responsibly manage the relationship” between the two countries, according to the report.
