The New Normal of U.S.-China Relations: Complex and Varied State Laws Have A Bigger Role To Play
As the Biden administration and Congress are debating and forming new China-related policies at the federal level, including policies on outbound investment to China and on government procurement, the stances of individual states on trade and investment with China are playing a bigger role these days and deserve greater attention.
U.S. Senators Introduce Legislation to Restrict Chinese Drone Purchases
A bipartisan group of Senators has introduced legislation that would restrict purchases of drones from China and other countries considered to be national security threats.
Chinese Southern City Guangzhou Rolls Out US$29 Billion Funds for Tech Investment
Guangzhou, the capital of Guangdong province, recently announced two investment funds that would incentivize innovation and industrial development in semiconductors, advanced manufacturing, and other emerging industries.
China's Banking Regulator Fines Standard Chartered and Four Other Banks
China’s banking and insurance regulator has recently imposed nearly 400 million yuan fines on five banks, including the Chinese unit of UK lender Standard Chartered Bank, for various violations of laws and regulations.
U.S. Justice and Commerce Departments Announce Creation of "Disruptive Technology Strike Force"
Last week, the U.S Justice and Commerce Departments announced the launch of the "Disruptive Technology Strike Force," which will ratchet up enforcement of existing laws that are designed to prevent advanced technologies being "acquired or used by nation-state adversaries."
China Suspends Meat Product Imports from Certain Countries due to Animal Disease Concerns
China's Customs recently announced import suspensions on poultry products and other animal products from certain countries due to animal disease outbreaks. On the other hand, it also lifted a decade-long import ban on animal products from Colombia.
China Chip Group Issues Statement against U.S.-Japan-Netherlands Pact to Curb Trade
The China Semiconductor Industry Association (CSIA) issued a statement in response to a reported agreement between the governments of the United States, Japan and the Netherlands, and called for global defense of "the globalization of the semiconductor industry" and urged the Chinese government to provide a better "