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US, China seek to stabilize economic ties amid tensions, but challenges remain

  • US Commerce Secretary Gina Raimondo visited China to improve trade relations and address business complaints about the country becoming "uninvestible."
  • The US and China agreed to establish dialogues on export controls and commercial issues to reduce trade tensions.
  • China requested the US ease export controls on technology, but Raimondo rejected this citing national security concerns.
  • Raimondo emphasized the importance of maintaining stable economic ties between the two countries despite tensions.
  • While the talks were largely positive, concrete actions were limited and major disputes around technology, security and human rights persist.
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