Update on UFLPA Implementation
The Biden administration released an update to an advisory on Xinjiang supply chains this week and also added three more entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. The bipartisan Congressional-Executive Commission on China expressed support for the Entity List move.
China Automobile Association Sounds Alert on EU's EV Subsidy Investigation
In a statement published this week, the China Association of Automobile Manufacturers urged the European Union to use caution in its anti-subsidy investigation, warning that it may harm the EU EV industry and global carbon neutrality goals.
U.S. Senate Committee Holds Hearing on Foreign Ownership of U.S. Agriculture
At a U.S. Senate Agriculture Committee hearing today, several Senators and witnesses discussed the issue of Chinese ownership of U.S. farmland, noting that the data was clear that this type of investment was fairly limited at the moment (0.03% of all U.S. agricultural land), but nonetheless
Beijing Releases White Paper On Globalization
In a white paper released today, Beijing outlined its vision for globalization, criticizing "protectionism, the erection of fences and barriers, unilateral sanctions, and maximum-pressure tactics," as well as "de-sinicization in the name of derisking."
EU's Dombrovskis Travels to China, Talks about Concerns with Trade Imbalance
Just as the U.S. has been rethinking its economic relationship with China in recent years, Europeans have begun doing the same thing, to some extent in response to pressure from the U.S. As part of a recent trip to China, European Commission Executive Vice-President Valdis Dombrovskis gave several
Ford Battery Investment Using CATL Technology To Be Paused
Yesterday, news reports indicated that Ford Motor Co. would temporarily halt construction of a $3.5 billion electric vehicle battery plant project in Michigan that would see Ford rely on technology from Chinese company CATL.
China-EU High-Level Dialogue Sets Momentum for Further Collaboration
At the 10th EU-China High-Level Trade and Economic Dialogue in Beijing, which was co-chaired by Chinese Vice Premier He Lifeng and European Commission Executive Vice-President Valdis Dombrovskis, the two sides discussed trade, supply chains, and financial services, and agreed to create working groups for some contentious trade issues.