Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

China easing rules for US business travellers, approvals in 10 days

Published 12/02/2021, 10:19 PM
Updated 12/02/2021, 11:36 PM
© Reuters. FILE PHOTO: The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021.   REUTERS/Brian Snyder

By Andrea Shalal and David Brunnstrom

WASHINGTON (Reuters) -China will cut to no more than 10 days the time required for approval of travel by U.S. business executives, its ambassador to the United States said on Thursday, promising to turn "an attentive ear" to concerns raised by businesses.

Qin Gang, who arrived in the United States in July, told a dinner hosted by the US-China Business Council that Beijing would also work to make COVID-19 testing more convenient and allow executives to work during quarantine.

Qin said Beijing was adopting President Xi Jinping's direction on upgrading "fast track" travel arrangements, a response to U.S. concerns about resumption of business travel announced after Xi met U.S. President Joe Biden last month.

"With the upgraded arrangement, the time needed for travel approval will be shorter, no more than 10 working days," he said.

Qin said Beijing would share its specific workplan "very soon" with the U.S. Centers for Disease Control.

He said Beijing was committed to implementing the spirit of the recent virtual summit of Xi and Biden, and injecting "more positive energy into our relations."

Qin called for strengthened co-operation in manufacturing, financial services and the energy sector.

He also repeated Beijing's call for Washington to abolish additional tariffs imposed on Chinese goods by the administration of former President Donald Trump.

Marc Allen, chief strategy officer for Boeing (NYSE:BA) Co, welcomed the announcement of fast track travel, and a separate decision by China's aviation authority to issue an airworthiness directive on the Boeing 737 MAX, which will pave the way for the model's return to service in China after more than 2-1/2 years.

At the same gathering, U.S. Undersecretary of State for Economic Growth, Energy and the Environment Jose Fernandez repeated a litany of U.S. complaints about China’s business practices and stressed the need for a level playing field for U.S. companies.

He reiterated U.S. concerns about human rights, including alleged forced labor, in China's Xinjiang region and highlighted U.S. government warnings to business about the risks of operating in Hong Kong.

© Reuters. FILE PHOTO: The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021.   REUTERS/Brian Snyder

He told the business leaders operating in China they should keep in mind that they are "not bystanders in the broader economic and strategic relationship."

"Above all, please be mindful how your activities can affect U.S. national security and the fundamental values that we all hold dear," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.