Aly Song | ReutersBEIJING — China and the U.S. are working toward creating a more stable and predictable environment for businesses, Chinese Commerce Minister Wang Wentao said Friday.
U.S. and other foreign businesses in China have long complained of challenges to doing business in the Asian country, such as unequal treatment of foreign companies compared to local players.
The move was widely seen as an improvement for foreign businesses, but no official policy has yet followed.
When asked Friday for an update on data rules, Wang only said the "primary ministry is stepping up efforts to release them."
When Raimondo visited China last year, she called for more action to improve predictability for U.S. businesses in China.
Persons:
Aly Song, Wang Wentao, Gina Raimondo's, Wang, Raimondo, Biden
Organizations:
Chinese Communist Party, Reuters, Commerce, CNBC, Cyberspace Administration of China, CAC, of Commerce
Locations:
China, U.S, Yiwu, Zhejiang province, Reuters BEIJING, Washington, France