Senate Hearing for U.S. Treasury Nominee Raises Several China/World Bank Issues

At a Senate Finance hearing today, Senator James Lankford (R-OK) had an exchange with U.S. Treasury nominee Jay Shambaugh on several issues related to the World Bank and China.

China Fines SoftBank, Alibaba, Tencent and Others for Antitrust Violations

The Chinese market regulator punished Softbank, Bombardier Transportation Sweden, Alibaba, Tencent and many other companies for violating the declaration requirement in antitrust laws.

II-VI's Acquisition of Coherent Completed with China's Conditional Antitrust Approval

China's market regulator recently conditionally approved American company II-VI's acquisition of Coherent. The agency's conclusion and conditions are summarized below.

U.S. ITC Report on Foreign Censorship Documents Trade Losses in Chinese Market

The U.S. International Trade Commission (ITC) issued a report last week "on the impacts to U.S. businesses of foreign censorship in the key markets of China, Russia, Turkey, Vietnam, India, and Indonesia through the application of case studies and a survey." In this article, we focus

Commerce Department Final Review of Solar CVD Follows Preliminary Findings on Chinese Currency Undervaluation

As part of a recent administrative review of a countervailing duty order on Chinese solar products, the Commerce Department considered and rejected a claim that RMB undervaluation was a countervailable subsidy, but did not make a finding requested by China that no undervaluation exists.

Rules on Security Review of Chinese Data Outflows Take Effect September 1

On July 7, China's Cybersecurity watchdog issued the finalized version of a long awaited regulation that could have a huge impact on cross border data transfers. The new regulation will be effective on September 1.

Biden Administration Officials, Agencies Criticize Chinese Influence, Technology Theft

Last week, two key U.S. government offices, along with a British counterpart, weighed in on issues related to Chinese coercive influence and theft of U.S. technology.
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