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Pharma Hopes Rise As US Commerce Secretary Visits China

Some US Firms Grow But Challenges Remain

 
• By Brian Yang

US Secretary of Commerce Gina Raimondo has made the first official visit to China by a US commerce official in three years, paving the way to possible improvements in bilateral relations. Despite ongoing geopolitical tensions as a major concern for US firms in China, some are returning to growth in the country. 

Flags of China and USA fly against blue sky
US Commerce Secretary visits Beijing, Shanghai to improve ties, some US pharma firms return to China growth • Source: Shutterstock

As US companies identify the worsening bilateral relationship as their single biggest concern as they navigate a slowing Chinese economy, US Commerce Secretary Gina Raimondo is undertaking a four-day trip to Beijing and Shanghai, with the hope of improving ties and highlighting areas of cooperation.

Against the backdrop of possibly the lowest point in the countries' relationship since formal exchanges began in 1972, Raimondo has...

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