빵·라면·간편식 가격 ‘뜀박질’…고유가·고환율에 최대 9%대 올린다
The newly established "Investment Committee" between the United States and China, agreed upon during the historic Trump-Xi summit in May, may struggle to take off for the upcoming meeting next September, according to recent reports. SCMP, a Hong Kong-based newspaper, quoted Stephen Miller, the chairman of the US-China Trade Enforcement Committee, stating that there is no evidence the Investment Committee will be a meaningful outcome of the next summit.
Miller noted that neither the US nor China has started real negotiations, and both parties seem unprepared to discuss matters involving the private sector. The Investment Committee is a government-to-government consultation body focused on investment-related issues. It was created alongside the Trade Committee during the May summit to expand trade in non-sensitive sectors between the two nations.
However, domestic opposition from the US administration and Congress, as well as concerns over public investment risks, may hinder the committee's formation. US Trade Representative Wilbur L. Ross Jr. recently acknowledged that the US's approach to Chinese investment policy is still under development, with President Trump welcoming Chinese investments while other officials and Congress remain more cautious.
U.S. officials have imposed restrictions on Chinese companies setting up factories in the US, citing espionage, government subsidies, and unfair competition. Despite this, China's direct investment in the US declined sharply from $550 billion in 2016 to $40 billion in 2025. The Trade Committee, which aims to reduce trade barriers in non-sensitive sectors to $300 billion, is expected to dominate the agenda if the Investment Committee fails to materialize.
Agricultural and aviation sectors are among the areas under consideration for trade liberalization, but progress has been slow. Last month, U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier He Yafei discussed the establishment of the trade and investment committees during a virtual meeting, with Mnuchin indicating that their specifics would not be disclosed.
Written by urgent.news from Hankyoreh's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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