But Wang warned they “run counter to market rules and the principle of fair competition, and will only harm the security and stability of the global industrial and supply chains”.
Raimondo is set to meet with vice premier He Lifeng and culture minister Hu Heping on Tuesday, and pay a courtesy visit to Premier Li Qiang.
She will then head to China’s economic powerhouse Shanghai, before leaving the country on Wednesday.
HEALTHY COMPETITION
Raimondo is one of a number of senior US officials to visit China in recent months – part of an effort by Washington to improve its working relationship with its largest strategic rival.
Relations between the two countries have plummeted to some of their lowest levels in decades, with US trade curbs near the top of the list of disagreements.
This month, Biden issued an executive order aimed at restricting certain US investments in sensitive high-tech areas in China – a move Beijing blasted as being “anti-globalisation”.
The long-anticipated rules, expected to be implemented next year, target sectors such as semiconductors and artificial intelligence.
US Treasury Secretary Janet Yellen sought to reassure Chinese officials about the expected curbs during a visit to Beijing last month.
And Raimondo on Monday told Chinese officials that while there was “no room to compromise or negotiate” on US national security, “the vast majority of our trade and investment relationship does not involve national security concerns”.
“We seek healthy competition with China. A growing Chinese economy that plays by the rules is in both of our interests,” she said.
In June, US Secretary of State Antony Blinken travelled to Beijing, where he met President Xi Jinping and said progress had been made on a number of key sources of contention. US climate envoy John Kerry also visited China in July.
Source: CNA
