Last Friday, the Biden administration proposed new rules that offer guidance on how tax credits for the sale of electric vehicles will apply when the batteries and the materials that power them are made in China and other "foreign entities of concern."

Today, top officials of the Chinese and Angolan governments signed an Investment Agreement in Beijing.

After many months of hints that it would do so, Italy has now told China that it plans to withdraw from the Belt and Road Initiative (BRI).

Data from China's Ministry of Commerce (MOFCOM) shows that over the first ten months of 2023, services trade totaled 5.34 trillion yuan (about US$750 billion), with imports growing nearly a quarter, thanks to the recovery of travel services. Meanwhile, Beijing is trying to expand digital services

Last week, a federal district court judge issued a preliminary injunction that prevents a Montana law banning TikTok from taking effect, finding that the law violates several provisions of the U.S. Constitution.

The trade ministers of China and South Korea met today in Beijing to discuss ways to "expand[] bilateral economic cooperation," including creating communication channels for export controls and supply chains, as well as continuing trade and investment negotiations.

A WTO panel reviewing a Chinese complaint against various Australian AD/CVD measures has announced the date for issuance of the panel report to the parties, but a settlement may be in the works before then.