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
Changes to Threshold for Trade Secret Theft in China After Phase One Deal
As part of the U.S.-China Phase One agreement, China agreed to lower the threshold for trade secret infringement as one of the prerequisites for criminal cases. A review of recent legislative amendments and court rulings shows how China is implementing the commitment.
MOFCOM: China Makes "Positive" Progress on DEPA, Works on CPTPP
MOFCOM spokesperson He Yadong provided some updates on the progress made on China's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA).
Members of Congress Press U.S. Trade Rep. on Chinese EV Imports
Although U.S. imports of Chinese electric vehicles (EVs) are practically non-existent right now, several members of Congress who focus on China issues are pushing the Biden administration to take action that they believe would help keep these EVs out of the market in the future. Their proposed method of
German Companies Sign Deals at Expo
At the 6th China International Import Expo (CIIE), German companies have had a strong presence and reportedly signed deals with Chinese partners on energy, construction, and manufacturing. Germany's continued engagement in the market is crucial to China, as it plays a pivotal role in China-EU relations.