Tag: People’s Republic of China

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The Trump administration was reportedly hoping for more progress from China on market-oriented reforms after a meeting between President Trump and his Chinese counterpart. A senior administration official told Bloomberg News that the U.S. is worried about subsidies, excess capacity and industrial policy. The official told Bloomberg that the U.S. had expected more progress to be made after a meeting earlier this year between Trump and President Xi Jinping. Trump is expected to go to Beijing next month. He will also go to a meeting of leaders from the Asia-Pacific Economic Cooperation forum in Vietnam. Secretary of State Rex Tillerson last week hit China over what he deemed as its efforts to subvert and undermine global order, while outlining a broad commitment to increasing cooperation with India. Speaking at the Center for Strategic and International Studies, a foreign policy think tank, Tillerson said that the Trump administration was "determined to dramatically deepen" cooperation with India, which he cast as a stabilizing influence in Asia. China, on the other hand, poses a threat to stability in the region and the greater world order, he said. "China, while rising alongside India, has done so less responsibly, at times undermining the international, rules-based order even as countries like India operate within a framework that protects other nations’ sovereignty," Tillerson said.