Simon Lester

World Bank President Comments on China Economic Issues

During a speech this week on "Addressing Challenges to Growth, Security, and Stability," World Bank President -- and former official with the Reagan, Bush I, and Trump administrations -- David Malpass offered some thoughts on various issues related to China in the global economy.

Treasury Secretary Janet Yellen Comments on Economic Relations with China

While speaking at a think tank event yesterday, U.S. Treasury Secretary Janet Yellen offered a few thoughts on U.S. economic relations with China in light of the Russia-Ukraine war.

California Companies Ordered to Pay Almost $2 Billion on Sham Sales of Chinese Aluminum in the United States

Six California companies were ordered by a U.S. District Court Judge to pay $1.83 billion in restitution because of a scheme to conduct sham sales designed to avoid customs duties and inflate the value a Chinese company.

Republican Senators Push To Keep Federal Employee Retirement Savings from Chinese Firms that Undermine U.S. National Security

U.S. Senators Marco Rubio (R-FL), Tommy Tuberville (R-AL), and Tom Cotton (R-AR) sent a letter to four of President Biden’s nominees to serve on the Federal Thrift Retirement Investment Board, requesting that they "commit to withholding the retirement savings of U.S. service members

Australian Foreign Investment Review Board Report Offers Latest Data on Chinese Investment Transactions

The Australian Foreign Investment Review Board recently released its annual report covering 2020-2021, documenting the foreign investment transactions it considered during that period. The report offers data related to investment coming into Australia from China.

UK Parliament Discusses Acquisition of Welsh Semiconductor Factory by Chinese Company, Security Review Underway

In the UK House of Lords last week, a question was raised regarding the acquisition of the Newport Wafer Fab, a semiconductor factory in Wales, by the Chinese-owned technology company Nexperia. In response, the UK government has made clear that a national security review of the transaction is underway.

U.S. Senators Introduce "China Trade Cheating Restitution Act"

Recently, a bipartisan group of Senators introduced the China Trade Cheating Restitution Act to address an issue with the payment to domestic industries of certain anti-dumping duties collected on Chinese imports.
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