A recent report reveals that China is phasing out U.S. chips in its telecom system, a move likely driven by the broader U.S.-China technology rivalry, as both sides seek to bolster the security of their technology supply chains.

Chinese President Xi Jinping met with German chancellor Olaf Scholz today during Scholz's three-day China trip. Xi defended China's exports and called for bilateral collaboration, especially in machinery, automobiles, and the green transition, while Scholz highlighted market access and the regulatory environment in China.

China's Ministry of Industry and Information Technology (MIIT) announced last week that the government will open up foreign investment in the value-added telecommunication business in some cities as pilot projects.

At the China-Italy Business and Dialogue Forum in Italy last Friday, Chinese Minister of Commerce Wang Wentao criticized the European Commission's recent actions against Chinese green products, including electric vehicles (EVs), solar panels, and wind turbines, calling them "trade protectionist" and a "double standard."

Today, China's Ministry of Foreign Affairs announced sanctions against two U.S. defense industry companies for their arms sales to Taiwan.

Today, officials from China's Ministry of Commerce discussed recent EU subsidy investigations against Chinese producers and an EU report on state-induced distortions in China's economy with their EU counterparts.

Last week, Chinese MOFCOM officials led by vice minister Wang Shouwen visited the United States for the first vice-ministerial meeting of the bilateral Commercial Issues Working Group, a communication mechanism created last year.