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US Urges China to Further Open Economy to Encourage Business Growth

© AP Photo / Ng Han Guan, PoolChina must continue economic reforms and enact policy changes to improve the climate for US private companies, Secretary of Commerce Penny Pritzker said at the 27th meeting of the US-China Joint Commission on Commerce and Trade on Wednesday.
China must continue economic reforms and enact policy changes to improve the climate for US private companies, Secretary of Commerce Penny Pritzker said at the 27th meeting of the US-China Joint Commission on Commerce and Trade on Wednesday. - Sputnik International
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China must continue economic reforms and enact policy changes to improve the climate for US private companies, Secretary of Commerce Penny Pritzker said at the 27th meeting of the US-China Joint Commission on Commerce and Trade on Wednesday.

Business deal - Sputnik International
US Lawmakers Concerned Over Russians, Chinese Buying Businesses
WASHINGTON (Sputnik) — Pritzker explained that US businesses have seen strong results in China but their growth is hampered by Beijing’s economic policies.

"Our companies and your companies need to see China further reform, rebalance and open your economy — including by addressing intellectual property protections, decreasing excess capacity and advancing policies that promote an open, vibrant digital economy," Pritzker stated.

On Tuesday, Pritzker said the two nations should look for opportunities to increase collaboration on building a modern digital economy.

The US-China Joint Commission on Commerce and Trade was established in 1983 as a bilateral forum for the United States and China to promote bilateral economic relations and expand trade cooperation.

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