Huan Zhu
Taiwan and U.S. Hold Economic Dialogue, Discussing Supply Chains and Other Issues
On November 23, the United States and Taiwan met for the second annual
U.S.-Taiwan Economic Prosperity Partnership Dialogue (EPPD). The two sides
discussed supply chain issues in multiple sectors, including semiconductors,
health products, and electric vehicles.
The U.S. side was led by Under Secretary for Economic Growth,
China Imposes More Antitrust Fines for Failure to Notify Business Consolidation
On November 20, China’s State Administration of Market Regulation (SAMR) issued
decisions imposing fines on companies involved in 43 antitrust cases related to
anti-competitive practices. Fined companies include major tech companies
Alibaba, Baidu, JD, and Tencent.
According to the SAMR announcement
[http://www.samr.gov.cn/xw/zj/202111/
Chinese Foreign Minister Calls for Mutual Respect, Says Countries Should Not Be Forced To Pick Sides
During a public speech on November 20, Chinese Foreign Minister Wang Yi
emphasized peaceful coexistence with the United States and cooperation with
ASEAN countries. He also stated that no one should "force any third party to
take sides in competition" or "start vicious competition such as decoupling
U.S.-China Economic and Security Review Commission Calls for Further Tightening Trade and Investment with China
On November 17, the U.S.-China Economic and Security Review Commission released
its 2021 Annual Report to Congress. The report
[https://www.uscc.gov/annual-report/2021-annual-report-congress] argues that
“China's leadership resorted to a familiar playbook of government support for
industry,” and in certain sectors it would challenge
Australian Trade Minister Wants Trade Talks With China
Australian trade minister Dan Tehan said during an interview
[https://www.bloomberg.com/news/videos/2021-11-17/australia-needs-constructive-dialogue-with-china-tehan-video]
with Bloomberg Television on Wednesday that he is "very much looking forward" to
"constructive engagement" with China, which is a necessary step for China to
join the CPTPP.
Commenting
China Issues Draft Regulations on Network Data Security
On November 14, the Cyberspace Administration of China (CAC) issued a draft of
the Regulations on Network Data Security (网络数据安全管理条例(征求意见稿)
[http://www.cac.gov.cn/2021-11/14/c_1638501991577898.htm] (link in Chinese)).
The draft is open to public comments until December 13.
The draft is part of the
Xi-Biden Meeting Touches on Trade Issues But China-U.S. Trade Policies Remain Unchanged
U.S. President Biden and Chinese President Xi met virtually on Monday night in
an effort to cool tensions. A wide range of issues were discussed during the
meeting, including bilateral trade relations, even though that was not a major
part of the conversation. Biden mentioned the enforcement of the