U.S. Commerce Secretary Gina Raimondo said on Wednesday Washington must do more to counter China while insisting the world's two largest economies should not isolate from each other.
Raimondo cited U.S. strengths like American universities, billions of dollars in government funding for semiconductors and research, and strong allies around the world as assets when competing with China.
She said the United States is "not seeking the decoupling in any way of our economy from that of China's." The United States and China have sharply clashed in recent years. Raimondo laid out a detailed strategy to counter China in her speech. She said for too long America's export control strategy "was quite reactive" and had "focused on preventing China from expanding its technological capabilities after it accessed American intellectual property."on semiconductor chips, arguing they hurt Chinese companies and commercial interests of U.S. exporters.
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