Huan Zhu
China Finalizes Measures on Data Security in the Industry and Information Technology
A Chinese regulatory agency recently finalized the new rules on data security in the industry and information technology sectors, which will come into force next year. The rules set forth requirements for data classification, data protection and cross-border data flows.
Chinese Companies' Delisting Risk Averted for Now, Says PCAOB
Last week, a U.S. regulator announced that it has secured access to the audit records of Chinese firms, averting an imminent delisting crisis for over two hundred Chinese companies.
BIS Adds YMTC and 35 Chinese Companies to the Entity List
The U.S. government added Yangtze Memory Technologies Co., Ltd. (YMTC) and more than 30 other companies to the Entity List, making it nearly impossible for these companies to have access to U.S. technology and products governed under the export control regime.
China Issues Plans to Expand Domestic Demand
China's State Council issued a plan to expand domestic demand over the next decade, which includes negotiating trade agreements, expanding imports, and further opening up.
China Issues Guidelines for Cattle and Tobacco Leaves from Laos
China's Customs agency recently published regulatory requirements, as part of a domestic procedure that follows up on sanitary and phytosanitary (SPS) protocols signed between China and Laos, for cattle and tobacco leaves from Laos.
China Comments on U.S. Trade Policy during WTO Trade Policy Review
Today and tomorrow, the United States is undergoing the regular Trade Policy Review of its trade policies at the WTO. At today's meeting, Chinese Ambassador to the WTO Li Chenggang put forward some criticisms of various aspects of U.S. trade policy.
Biden Administration Ratchets up Chip Restrictions, Targets YMTC and Others
The Biden administration plans to add more Chinese companies, including a major chip maker, to its trade blacklist. In response, a Chinese official called the U.S. moves "blatant economic coercion and bullying."