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U.S.-China decoupling not Washington's goal: diplomat

State Department's Jose Fernandez signals further involvement in Asia through IPEF

China's Qingdao port on the Yellow Sea. Asian countries want the U.S. involved in regional trade to prevent others from filling the void, U.S. Undersecretary of State Jose Fernandez said.   © Reuters

NEW YORK -- The U.S. is not interested in decoupling its economy from China's but only in ensuring fair competition between the countries' businesses, Jose Fernandez, a senior state department official, told Nikkei.

"We would welcome competition that's on a level playing field, where you don't have unfair subsidies, where you have no violations of human rights, where you have full respect for intellectual property rights," said Fernandez, who serves as the undersecretary of state for economic growth, energy, and the environment.

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