{"id":2013631,"date":"2023-08-27T15:07:02","date_gmt":"2023-08-27T19:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-commerce-secretary-arrives-in-beijing-as-ccp-struggles-to-save-its-economy\/"},"modified":"2023-08-27T15:11:01","modified_gmt":"2023-08-27T19:11:01","slug":"us-commerce-secretary-arrives-in-beijing-as-ccp-struggles-to-save-its-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-commerce-secretary-arrives-in-beijing-as-ccp-struggles-to-save-its-economy\/","title":{"rendered":"US Commerce Secretary arrives in Beijing amidst CCP&#8217;s economic struggles."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-commerce-secretary-arrives-in-beijing-as-ccp-struggles-to-save-its-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2013631&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>U.S. Commerce\u200d Secretary Gina \u200bRaimondo Arrives in Beijing for Talks on Faltering Chinese Economy<\/h2>\n<p>U.S. \u2062Commerce Secretary\u2062 Gina Raimondo \u2063arrived in Beijing on Sunday night, kicking off three days of talks with senior\u2062 Chinese officials who \u200care grappling with a faltering economy.<\/p>\n<p>According to China\u2019s state\u2063 media, Ms. Raimondo was \u2063greeted by Li Feng, director general\u2062 of China\u2019s\u200d Commerce \u200dMinistry, as well as \u200bU.S. ambassador Nick Burns, at the Beijing Capital International Airport.<\/p>\n<p>Ms. Raimondo is the fourth \u200bBiden cabinet official to visit Beijing in the past three months after Secretary of State Antony Blinken, Treasury Secretary \u200cJanet Yellen,\u200b and climate\u200b envoy John \u2062Kerry.<\/p>\n<blockquote>\n<h3>Related Stories<\/h3>\n<ul>\n<li>\n        <a href=\"http:\/\/www.theepochtimes.com\/china\/in-depth-chinas-economy-is-faltering-5329514\">IN-DEPTH: \u200dChina\u2019s Economy Is Faltering<\/a><br \/>\n        <span class=\"text-comp-caption\">6\/23\/2023<\/span>\n      <\/li>\n<li>\n        <a href=\"http:\/\/www.theepochtimes.com\/china\/with-economy-in-crisis-china-resorts-to-cover-up-5477092\">With Economy in Crisis, China Resorts to Coverup<\/a><br \/>\n        <span class=\"text-comp-caption\">8\/20\/2023<\/span>\n      <\/li>\n<\/ul>\n<\/blockquote>\n<p>Outside observers \u200dexpected the \u200dcommunist regime to be more friendly with\u200d Ms. Raimondo than its previous American guests, especially Mr. Blinken, \u2063who received a muted welcome in Beijing and his biggest request, to resume the military hotline, was \u2062rejected.<\/p>\n<p>China is reaching out with warm messages for Ms. Raimondo as\u2064 the regime wrestles with its faltering\u200c economy,\u2064 Su Tzu-yun,\u2062 a senior\u200d analyst at Taiwan\u2019s government-funded Institute for National\u2062 Defense and\u200b Security Research, told The Epoch Times, on Saturday when the commerce chief was en route to Beijing.<\/p>\n<p>&#8220;The stock market will continue to slump, \u2063the ticking time bomb in\u2064 the property sector could explode at any time, the\u2063 [youth] unemployment is\u2064 at a record high, \u200band the foreign investors are leaving\u2062 China,&#8221; he said. \u201cThe internal economic situation is very unfavorable.&#8221;<\/p>\n<p>But the \u2064ailing economy was \u201ccreated by the\u2063 CCP\u2062 [Chinese Communist Party] \u200c itself,\u201d he noted.<\/p>\n<p>Under \u2063CCP leader Xi Jinping, China updated its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/volkswagen-faces-fresh-investor-doubts-on-independence-of-planned-xinjiang-audit\/\" title=\"Investor doubts resurface over Volkswagen's Xinjiang audit independence.\">anti-espionage law<\/a>, which broadens the definition of \u2064espionage to \u201call documents, data, materials, or items related to national security and interests.&#8221; The vaguely\u2063 worded legislation, which \u200bdid not specify \u2062what \u200bfalls under national security, brings more challenges to \u200bglobal businesses after several \u2062raids and arrests \u200crattled\u2063 investors.<\/p>\n<p>The authorities have slapped Mintz, a U.S. due diligence\u2062 firm, with \u2064a $1.5 million fine in\u200c a security crackdown\u200b after police \u2064raided its \u2064Beijing \u200doffice and detained five of its local \u200bemployees in March.<\/p>\n<p>The latest counterespionage push, \u2062which creates a more hostile social environment by \u200cencouraging citizens in China\u200b to spy on \u2064each other, combined with a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-commerce-secretary-arrives-in-beijing-as-ccp-struggles-to-save-its-economy\/\" title=\"US Commerce Secretary arrives in Beijing amidst CCP's economic struggles.\">top economic\u2063 leadership team picked<\/a> by Mr. Xi based on \u200bpolitical loyalty instead of experience, \u201chas a fatal impact on China\u2019s economic development,\u201d Mr. \u2064Su said.<\/p>\n<h2>Skepticism<\/h2>\n<p>Ahead of the\u2063 trip, Ms. Raimondo\u2019s department removed 27 Chinese\u200d entities from the \u201cunverified list,\u201d which restricts companies from receiving sensitive U.S. technology exports.<\/p>\n<p>That move was welcomed by the\u200b Chinese\u200b regime. \u201cIt shows that the\u2062 two sides can address specific concerns through communication \u200dbased on mutual respect,\u201d Wang Wenbin, Beijing\u2019s\u2063 foreign \u200dministry spokesperson, said at\u200b a daily briefing on Aug. 22.<\/p>\n<p>Li \u200dQiang, China\u2019s new premier who oversees the economy, also offered an\u200c olive\u2064 branch at a meeting with a visiting delegation of the U.S.-China Business\u2062 Council in\u200c Beijing.<\/p>\n<p>\u201cChina is willing to work with the U.S. \u2062in undertaking their responsibilities as major\u200c countries, jointly upholding international\u2064 trade rules, and ensuring the stability of global industrial and supply chains,\u201d Mr. Li said at the\u200b meeting on Aug. 21, according to the summary from \u2063CCP state\u2063 media Xinhua.<\/p>\n<p>Still, analysts doubted whether \u2062the Chinese regime would back up its expression\u200c of goodwill\u2063 with any policy changes.<\/p>\n<p>&#8220;I\u200b don&#8217;t think the Chinese Communist Party could make an effective response to\u200b the request of \u2064the United States,&#8221; Song Guo-cheng, a researcher at National Chengchi\u2062 University&#8217;s Institute\u2062 of International Relations \u2063in Taiwan, told The Epoch Times.<\/p>\n<p>That\u200c skepticism, he said, springs from \u2062the \u200dChinese regime&#8217;s failure to follow through on its promise\u200c of expanding the purchase of American goods and services under the \u2062phase-one <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-meets-virtually-with-mexican-leader-on-immigration-ccp-virus-climate-issues\/\" title=\"Biden Meets Virtually With Mexican Leader on Immigration, CCP Virus, Climate Issues\">trade agreement signed<\/a> in \u2063January 2020,\u200c making it impossible to\u2064 set \u2064a timeline for\u200b the phase-two deal.<\/p>\n<p>&#8220;The\u2064 CCP hasn&#8217;t responded in any kind of good faith,&#8221;\u2064 Mr. Song said. &#8220;That&#8217;s why the U.S-China trade war is not \u2062ending.&#8221;<\/p>\n<h2>US Feds\u2063 the CCP<\/h2>\n<p>U.S. former and current officials, meanwhile, warned that the Chinese regime has no \u200cintention to change policies such as\u2063 forced\u2064 technology transfers \u2064and state subsidies that led \u200cto the current U.S.\u2063 export controls.<\/p>\n<p>House China Committee Rep. Mike Gallagher (R-Wis.), along with a group of Republicans, urged Ms. Raimondo to tighten export controls on the CCP\u200c before she headed to Beijing.<\/p>\n<p>\u201cThe fact is that the \u2062Chinese Communist Party shouldn&#8217;t get any say in our decisions \u2064over export controls,\u201d he told The Epoch\u200c Times. \u201cWe have legitimate national security\u200b concerns about American \u200btechnology going to China to fuel\u2062 its ongoing genocide&#8221; in Xinjiang and\u200b help perfect an\u200b &#8220;Orwellian totalitarian surveillance\u2064 state.&#8221;<\/p>\n<p>Nazak Nikakhtar,\u2063 a former senior U.S. Commerce Department official, \u2064noted the\u2064 CCP has enacted a series of\u2063 laws and mandates,\u200d such \u2062as national security laws and anti-foreign \u200csanctions laws, \u2062to force companies\u200d to comply with its\u200b demands\u2064 to hand over their sensitive\u200c technologies.<\/p>\n<p>&#8220;China&#8217;s \u2062a non-market economy. Its economy is not based on market\u2064 fundamentals,&#8221; she said at a webinar held by \u2064the Committee on the Present Danger: China on Aug. 22. &#8220;The\u2064 CCP also decides how American businesses operating there are to operate. There are CCP \u2064members in every important business in\u200c China. \u200dThey decide how \u200bthe company runs.<\/p>\n<p>&#8220;So, when we\u2064 talk \u2062about export controls, tech transfer,\u2063 let me be clear that China has no interest in\u2064 following our rules or prohibitions.&#8221;<\/p>\n<p>Decades of engagement with the CCP has allowed U.S. capital \u200cand technology to strengthen the communist \u200cregime.<\/p>\n<p>With the\u2062 help\u2062 of technological\u200b theft and transfer from \u2064America, China now leads the world in 37 out of 44 technologies, including critical areas such as space, artificial intelligence (AI), and\u2064 quantum technology, Ms. \u2063Nikakhtar said, citing a\u2062 March report \u2063by the Australian Strategic Policy\u2064 Institute (ASPI).\u200b \u201cThis is very dangerous,\u201d she added.<\/p>\n<p>The advanced technology and money did little help to Chinese people.\u200d Instead, it has fueled \u200bthe CCP&#8217;s oppressive\u200c regime.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Commerce Secretary Gina Raimondo began three days of talks with Chinese officials in Beijing. China&#8217;s state media reported her arrival, where she was welcomed by Li Feng from China&#8217;s Commerce Ministry and U.S. ambassador Nick Burns. The discussions aim to address China&#8217;s struggling economy.<\/p>\n","protected":false},"author":342,"featured_media":2013632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2013631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2013631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/342"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2013631"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2013631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2013632"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2013631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2013631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2013631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}