Simon Lester

U.S. Pension Fund Pulls Back on China, Hong Kong Investments

Amidst strong Congressional pressure, the Federal Retirement Thrift Investment Board (FRTIB) has revised some benchmark indexes so as to prevent investment in stocks listed in China and Hong Kong.
WTO

WTO Meeting Discusses China/Japan Radioactive Water/Seafood Import Ban Dispute

At a meeting of the WTO's Committee on Sanitary and Phytosanitary (SPS) Measures today, WTO Members addressed import restrictions imposed by China, Hong Kong, Macao, and Russia on Japanese food products following the discharge of Japan's Advanced Liquid Processing System (ALPS) treated water following the nuclear

Key U.S. Senator Presses Biden Administration on EV Tax Credits To Prevent Benefits for Chinese Companies

Senator Joe Manchin (D-WV), a key architect of the Inflation Reduction Act's provisions on tax credits for electric vehicle purchases, has expressed concern to the Biden administration that Chinese companies may try to benefit from the law.
WTO

China Continues Call for WTO Discussions of Carbon Border Adjustments

China has submitted a communication to the WTO on "policy issues for dedicated multilateral discussions on border carbon adjustment," in which it raises a wide range of questions about these measures that it believes should be discussed by WTO Members, putting out a challenge to WTO Members such

China Not a Currency Manipulator, Remains on Monitoring List, Says U.S. Treasury Report

Last week, the U.S. Treasury Department issued its biannual report to Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States." China was not found to be a currency manipulator, but was kept on a "monitoring list."

Biden Weighs In on Chinese EVs

In recent weeks, there has been pressure to limit potential Chinese EV imports to the U.S., with President Biden himself now seeming to join the chorus of voices worrying about competition with Chinese EVs.

CTM Weekly Newsletter

This past week, CTM covered the following issues. In China: * The sixth China International Import Expo * Changes to trade secret law * Expiry review of anti-dumping duties on chemical compounds * Updates on CPTPP and DEPA accession In the U.S.: * Congressional calls for tariffs on Chinese EVs * Legislation introduced to impose
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