China, Ecuador Sign FTA
After months of negotiations, China and Ecuador signed a bilateral trade agreement last week. This makes Ecuador the fourth country in the Latin American region to have a trade agreement with China.
Congresswoman Raises Concerns about Chinese Takeover of U.S. Education Company
A Republican Congresswoman wrote to President Biden and Treasury Secretary Yellen last week with concerns about a Chinese private equity firm's acquisition of a U.S. educational company that serves military personnel and therefore has data on them.
Australian, Chinese Trade Ministers Meet
Last week, Australian Trade Minister Don Farrell traveled to China and met with his Chinese counterpart, Commerce Minister Wang Wentao, as part of the continued effort to ease tensions in Australia-China trade and foreign relations.
Philips Pays $62 Million for China FCPA violations
Last week, Netherlands-based medical device company Koninklijke Philips N.V settled a case brought against it by the U.S. Securities and Exchange Commission ("SEC") for violations of the Foreign Corrupt Practices Act ("FCPA") by its subsidiary in China.
U.S. Trade Rep. Tai Speaks about China Meeting, State Investment Restrictions
In an interview last week on American broadcaster PBS (Public Broadcasting Service), U.S. Trade Representative Katherine Tai spoke with author and journalist Walter Isaacson about a number of trade issues, including her upcoming meeting with her Chinese counterpart and her reaction to restrictions imposed by certain U.S. states
Tesla Carries Out Recall in China over Safety Risks
Last week, China's market regulator published a notice stating that Tesla had filed a plan to recall over 1 million vehicles sold in China between 2019 and 2023.
PCAOB Publishes Reports on China Audits
The U.S. Public Company Accounting Oversight Board (PCAOB) published reports on inspections of two accounting firms that audited 40% of the total market share of U.S.-listed companies audited by Hong Kong and mainland firms. The reports noted "unacceptable rates" of deficiencies, as the audit firms