, one that fosters growth and innovation in both countries,” the official said. “We do not seek to decouple our economies. A full cessation of trade and investment would be destabilizing for both our countries and the global economy.”
The official, speaking on condition of anonymity, declined to give details on which Chinese officialswas expected to meet the Chinese Vice Premier He Lifeng.would underscore Washington’s determination to strengthen its own competitiveness while responding with allies to what Washington calls “economic coercion” and unfair economic practices by‘s new national security and espionage law, and the potential implications for foreign and U.S. firms, the official added.
“We have concerns with the new measure, and how it might apply, that it could expand the scope of what is considered by the authorities into be espionage activity,” the official said, citing possible spillovers to the broader investment climate and the economic relationship. While no major “breakthroughs” were expected, Treasury officials hope to have constructive conversations and build longer-term channels of communication withU.S. officials would also reiterate concerns about human rights abuses against the Uyghur Muslim minority,against foreign due diligence and consulting firms.would also talk with Chinese officials about a long-awaited U.S.