On February 21, the Chinese government released an updated list of cross-border e-commerce products that are subject to lower taxes when imported under a designated value threshold.

During a recent press conference, China’s Ministry of Foreign Affairs spokesperson said that China would impose sanctions on two U.S. defense firms, Raytheon and Lockheed Martin, over arms sales to Taiwan.

Taiwan's executive branch recently passed drafts to amend two laws, eyeing stronger protection on core technologies (most likely advanced technologies controlled by Taiwan Semiconductor Manufacturing Company) and restrictions on related personnel flows.

China and New Zealand recently announced that an upgraded set of bilateral trade rules would come into force in April. The new rules would facilitate trade in goods and services and could boost bilateral trade flows.

Recently, an advisory committee of the U.S. Food and Drug Administration voted in favor of requiring additional trial data in order for a China-trialed medicine to obtain FDA approval. This decision could have major implications for future regulatory approval applications for medicines developed in China. The FDA's

China's Ministry of Industry and Information Technology recently published a revised version of a proposed regulation governing data security in industrial and information sectors. The change, to some extent, broadens the scope of the regulation. The agency previously published the first draft last September.

China and the United Arab Emirates will have mutual recognition of certified operators starting today and China's Customs recently released more information on the implementation.