Export Controls to be Discussed During Second Meeting of U.S.-China Strategic Economic Dialogue
The second meeting of the U.S.-China Strategic Economic Dialogue (SED) begins tomorrow in Washington and export controls, including the pending "China Rule" that will soon be issued by the Bureau of Industry and Security (BIS), are high on the meeting's agenda.
As has been widely reported, Wu Yi, China's Vice-Premier, last week published an op-ed piece in the Asian Wall Street Journal urging the U.S. to "relax export controls to boost the competitiveness of American companies, reverse the trend of dwindling market share of American hi-tech products in China, and reduce its trade deficit with China."
Not surprisingly, Reuters reported today that "China's frequent call for lifting U.S. export controls to trim trade imbalances -- expected to be repeated at high-level economic talks this week -- is likely to fall on deaf ears. . . ."