A bipartisan group of U.S. Senators has introduced legislation that would "establish a China Grand Strategy Commission tasked with developing a comprehensive whole-of-government approach for how the United States should address the economic, security, and diplomatic challenges posed by China."

At an event last Friday, a White House official offered some comments on the CHIPS Act and the outbound investment screening mechanism that has been in the news recently, both of which aim at maintaining U.S. technological advantages over China. The goal is to maintain an "absolute advantage&

Last week, the House of Representatives passed an antitrust bill that includes a provision requiring notification of foreign subsidies by companies who are merging.

Negotiations on a free trade agreement between China and Sri Lanka are underway after a five-year standstill, according to officials on both sides.

As part of an annual review of China's compliance with WTO obligations, a number of business groups have made submissions to the Office of the United States Trade Representative (USTR), setting out their experiences and the trade barriers they face in the Chinese market.

Last week, two Republican members of Congress introduced legislation that would impose sanctions on Yangtze Memory Technologies Co. (YMTC) and other Chinese chipmakers.

This past week, CTM covered the following issues. In China: * Official efforts to stabilize foreign investment and boost trade * A debt restructuring with Ecuador, restored railway service with North Korea * Authorization of imports of aquatic products from Papua New Guinea * Chinese EV maker's investment in foreign lithium project