Simon Lester
China Not a Currency Manipulator, But Still on Monitoring List, Says U.S. Treasury
On June 10, 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 placed on a "monitoring list."
New U.S. Bill Restricts Transactions in Regions with Human Rights Concerns, Focusing on Xinjiang
A bipartisan bill introduced in the U.S. House of Representatives last week would restrict banks from doing business with entities that operate in Xinjiang and other regions where human rights abuses occur.
CTM Weekly Newsletter
This past week, CTM covered the following issues:
* Details on a Chinese summit focused on multinational companies, Chinese foreign ministry cooperation meetings with Central Asian countries, various China Customs announcements, and apps found to violate the law.
* U.S. decisions on suspending trade remedy tariffs on solar panels and on
U.S.-China Commission Hearing Discusses China's Rare Earth Policies
At a U.S.-China Economic and Security Review Commission hearing today on U.S.-China Competition in Global Supply Chains, there was a discussion of the reasons for China's rise in rare earth element production, as well as the current state of central government involvement in that
U.S. Government Punishes Three U.S. Companies for Violating Export Controls through Dealings with China
Yesterday, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) issued a Temporary Denial Order (TDO) suspending the export privileges of three U.S.-based companies for 180 days for exporting controlled items to China without authorization.
Recent 5G Developments in Africa, and How Africans See the China/Western Competition
Over the past few weeks, there have been news reports about developments related to Huawei and 5G networks in Ethiopia and Angola.
In Ethiopia, Reuters reported that State-owned operator Ethio Telecom launched a 5G mobile phone service, with Huawei as its equipment supplier for the network.
And VoA reported
USTR Requests Public Comments on U.S.-Taiwan Trade Initiative
As we reported here, the United States and Taiwan announced last week that they would launch a new initiative on bilateral trade issues. USTR is now seeking public comments "on matters relevant to the specified trade areas, including U.S. interests and priorities, in order to develop negotiating objectives