U.S. and China Establish New Channels for Economic Communication

The United States and China have agreed to establish new channels of communication for economic and commercial issues, according to Commerce Secretary Gina Raimondo. This includes the creation of a new bilateral forum to discuss export control measures and reduce misunderstandings of national security policies. The announcement comes amidst growing tensions between the two countries over advanced technology, particularly in the semiconductor industry. Micron Technologies, a US memory chip maker, has also appointed Li Xinming as its head of China government affairs, signaling an effort to mend ties with Beijing. Li, who has over 30 years of experience in both government and enterprise sectors, will play a crucial role in rebuilding relationships after Micron's products were barred from certain sales in China. The move comes as Secretary Raimondo visits China, with hopes that her visit will lead to an easing of tensions over technology and trade between the two countries. The establishment of the new channels of communication and partnership with Micron Technologies are positive steps towards alleviating trade tensions between the US and China.

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