Last week, Beijing announced that it will sanction two U.S. companies -- Northrop Grumman and a Lockheed Martin unit -- over their arms sales to Taiwan. But experts pointed out that what comes next as part of the sanctions is unclear at the moment.

Speaking at an event during the WTO public forum last week, Singapore Management University law professor Henry Gao offered comments on China's industrial policy and argued that the China model cannot be easily replicated in most developing countries.

China's Ministry of Commerce expressed "high concern and strong dissatisfaction" with the European Commission's announcement about an anti-subsidy investigation on imports of Chinese electric vehicles (EVs).

The Standing Committee of China’s National People’s Congress reviewed and passed its first Law on Foreign State Immunity. Chinese officials argued that the law provides more protection for companies that are "going out" and promoting China's opening up. The law also has a reciprocity

Today, Chinese Premier Li Qiang met with Australian Prime Minister Albanese on the sideline of the East Asia Summit. In the meantime, the China-Australia first high-level dialogue took place in Beijing. The increase in high level communications shows a thaw in bilateral relations, which has been reflected in China'

This statement came after China signed the first FTA that contains negative lists for services trade and investment.

Italian Foreign Minister Antonio Tajani visited China this week, and issues related to bilateral trade and the Beijing-led Belt and Road Initiative (BRI) were among the topics discussed.