{"id":6243,"date":"2023-09-03T14:36:40","date_gmt":"2023-09-03T14:36:40","guid":{"rendered":"https:\/\/prosfunds.com\/politics\/us-commerce-secretary-says-there-are-legitimate-concerns-with-chinese-investment-in-the-us\/"},"modified":"2023-09-03T14:36:41","modified_gmt":"2023-09-03T14:36:41","slug":"us-commerce-secretary-says-there-are-legitimate-concerns-with-chinese-investment-in-the-us","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=6243","title":{"rendered":"US Commerce Secretary says there are \u2018legitimate concerns\u2019 with Chinese investment in the US"},"content":{"rendered":"
\n

\n US Commerce Secretary Gina Raimondo said there are \u201clegitimate concerns\u201d with Chinese investments in the US as it relates to national security.\n <\/p>\n

\n \u201cWe have to be real about those concerns,\u201d Raimondo told CNN\u2019s Dana Bash in an interview for CNN\u2019s \u201cState of the Union.\u201d\n <\/p>\n

\n \u201cSo to the extent that Chinese investors, buying farmland, buying US businesses, erodes our national security, then we should stop it.\u201d\n <\/p>\n

\n The commerce secretary traveled to Beijing and Shanghai last week to discuss US-China commercial ties, challenges faced by US businesses and areas for potential cooperation. Raimondo, who is the first US commerce secretary to visit China in years, spent her time trying to restore communication with her Chinese counterparts.\n <\/p>\n

\n While speaking at an American Chamber of Commerce event in Shanghai, the secretary urged American businesses to keep investing in China on Wednesday, even after saying some US firms had called the world\u2019s second biggest economy \u201cuninvestable.\u201d\n <\/p>\n

\n Raimondo also sought to convince Chinese officials that the United States was not seeking to decouple from China\u2019s economy or hold it back.\n <\/p>\n

\n \u201cI spoke with more than 100 business leaders myself in the US across a range of industries,\u201d Raimondo told Bash. \u201cAnd I asked them, \u2018what should I be trying to get done here?\u2019 And by far what they said was open lines of communication so we can do the business of resolving issues.\u201d\n <\/p>\n

\n Raimondo added, \u201cThat\u2019s what I was able to accomplish, which I think is very significant. If you can\u2019t talk in a structured way about real commercial issues, you have no chance of solving these issues.\u201d\n <\/p>\n

\n She told Bash that a certain amount of investment is good for commerce, but the Biden administration is being \u201cvigilant about not allowing Chinese investment in the US that we think hurts our national security.\u201d\n <\/p>\n

\n Chinese Commerce Minister Wang Wentao said Beijing was also ready to work with Washington, adding that bilateral economic relations were important not just to the two countries, but to the rest of the world.\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

US Commerce Secretary Gina Raimondo said there are \u201clegitimate concerns\u201d with Chinese investments in the US as it relates to national security. \u201cWe have to be real about those concerns,\u201d Raimondo told CNN\u2019s Dana Bash in an interview for CNN\u2019s \u201cState of the Union.\u201d \u201cSo to the extent that Chinese investors, buying farmland, buying US […]<\/p>\n","protected":false},"author":1,"featured_media":6244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[39],"tags":[],"class_list":{"0":"post-6243","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"yoast_head":"\nUS Commerce Secretary says there are \u2018legitimate concerns\u2019 with Chinese investment in the US | Prosfunds<\/title>\n<meta name=\"description\" content=\"US Commerce Secretary Gina Raimondo said there are 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