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"Focus on Implementing Consensus from San Fran Summit"

On the 11th, the U.S. and China commerce ministers discussed economic and trade issues during a phone call.

President Joe Biden of the United States (left in the photo) and President Xi Jinping of China greeting each other before their meeting on November 15 last year in California, USA.
[Image source=Reuters Yonhap News]

China's Ministry of Commerce announced that Wang Wentao, Minister of Commerce of China, and Gina Raimondo, U.S. Secretary of Commerce, held a phone conversation that day. China stated that the call focused on implementing the important consensus reached at the San Francisco summit, and they engaged in deep and substantive communication on economic and trade issues of mutual interest.

During the call, Minister Wang emphasized that the commerce departments of both countries should leverage the positive role of communication and exchange mechanisms to create favorable conditions for corporate cooperation.

The Ministry of Commerce also stated that Minister Wang expressed serious concerns regarding the U.S. restrictions on semiconductor production equipment exports to China via third parties, semiconductor supply chain investigations, and sanctions and pressures on Chinese companies.

Additionally, both sides discussed national security concerns in the economic and trade sectors.