China and ASEAN Kick Off Talks to Upgrade FTA
This week, China and ASEAN held the first round of negotiations, kicking off a process of upgrading their bilateral trade arrangements.
U.S. Senators Introduce Legislation To Counter Chinese Economic Coercion
A bipartisan duo of U.S. Senators introduced legislation that is designed to support allies in the face of economic coercion, as well as target adversaries who engage in such practices, with Chinese coercion an implicit focus of the measure.
U.S. House Committee Holds Hearing on Chinese Economic Threats
The U.S. House of Representatives Financial Services Committee held a hearing yesterday on "Combatting the Economic Threat from China." Issues that were discussed at the hearing included: bilateral trade, outbound and inbound investment related to China, Chinese lending, TikTok, and China's presence in Latin American
China and Brazil Sign MOU on RMB Clearing
China's central bank announced today that it signed a memorandum of understanding on Chinese yuan (RMB) clearing arrangements with Brazil's central bank. While China has pushed for broader use of its currency for cross-border transactions, progress in making the RMB a leading global currency for cross-border
China Tries to Bring in Foreign Capital for Tech R&D
Facing increasingly restricted access to advanced technology through export controls, investment screening and other measures, the Chinese government recently issued several measures to encourage foreign investment in research and development (R&D) and attract talented people.
Chinese and Australian Trade Ministers Hold Virtual Meeting
Australian Trade Minister Don Farrell and Chinese Minister for Commerce Wang Wentao held a virtual meeting today, with an invitation extended to Farrell for an in-person meeting in the near future.
U.S. Senators Introduce Bill To Restrict U.S. Strategic Oil Sales to China
The U.S. House of Representatives recently passed a bill that would prohibit sales of oil from the U.S. strategic petroleum reserve to entities linked to the Chinese Communist Party, and similar legislation has now been introduced in the Senate.