US and China move to discuss export controls but analysts do not expect breakthroughs

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US and China move to discuss export controls but analysts do not expect breakthroughs
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The new channel of communication comes after the US Commerce Secretary met her counterpart in Beijing. Read more at straitstimes.com.

BEIJING – The United States and China have agreed to set up a platform to discuss export controls, an issue that has been a sticking point in their relationship amid ongoing tussles over trade and technology.meeting with her counterpart Wang Wentao in Beijing,

China’s Department of Commerce said the exchange is meant “to explain their respective export control systems and improve communication”, adding that both parties will provide related information “in accordance with their respective laws”. Her visit is the fourth by a top US administration official since June. The two superpowers have been embroiled in a tit-for-tat trade dispute over the past year, with Washingtonon “national security” grounds.

“Talking is better than not talking and transparency is better than misunderstanding,” he said. However, it would be a mistake to draw overly optimistic conclusions as the real problem is not a lack of understanding, he added.

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