The Los Angeles Post
U.S. World Business Lifestyle
Today: March 13, 2025
Today: March 13, 2025

China expresses concern over US chip and connected vehicle policies

FILE PHOTO: News conference on economy on the sidelines of NPC in Beijing
October 08, 2024
Reuters - Reuters

BEIJING (Reuters) -China's commerce minister on Tuesday raised "serious concerns" with U.S. Secretary of Commerce over U.S. semiconductor policies towards China and restrictions on Chinese connected vehicles, calling for sanctions against Chinese companies to be lifted.

During a call with Gina Raimondo, Wang Wentao emphasised the need to clarify national security boundaries in trade to ensure global supply chain stability and foster bilateral business cooperation.

"China urges the U.S. to address the specific concerns of Chinese companies, lift sanctions as soon as possible and improve the business environment for Chinese firms in the U.S.," a ministry statement quoted Wang as saying.

Wang also declared China's willingness to work with the U.S. to bring bilateral economic relations back on track, the statement said.

The ministry noted that both sides held candid, in-depth, and practical discussions on mutual economic and trade concerns.

(Reporting by Ella Cao and Ryan WooEditing by David Goodman)

Related Articles

China says it is willing to talk with US to push forward bilateral trade Trump picks Lutnick to be Commerce secretary With Trump win, India open to freeing up market access for U.S. firms, sources say Thailand would benefit from any U.S-China trade war, says minister
Share This

Popular

Asia|Business|Economy

Budweiser APAC to cut thousands of jobs to reduce costs by 15%, Bloomberg News reports

Budweiser APAC to cut thousands of jobs to reduce costs by 15%, Bloomberg News reports
Asia|Political|World

Taiwan president says China has deepened influence campaign and infiltration against island

Taiwan president says China has deepened influence campaign and infiltration against island
Asia|Business|Economy|Technology|World

Vietnam regulator proposes approval of Chinese COMAC jets, documents show

Vietnam regulator proposes approval of Chinese COMAC jets, documents show
Asia|Business|Crime

Singapore prosecutors say US server fraud case involves $390 million of transactions

Singapore prosecutors say US server fraud case involves $390 million of transactions

Economy

Africa|Economy|Finance|Political

South Africa's budget may be tweaked further, finance minister says

South Africa's budget may be tweaked further, finance minister says
Business|Economy|Europe|Finance

Generali posts record FY profit as top investors prepare for AGM contest

Generali posts record FY profit as top investors prepare for AGM contest
Business|Economy|Europe|Finance

Deutsche Bank sees 2025 revenue gains at all four main businesses

Deutsche Bank sees 2025 revenue gains at all four main businesses
Business|Economy|Europe|Fashion and Beauty

Hugo Boss expects 2025 sales at prior year's level

Hugo Boss expects 2025 sales at prior year's level