Republican Senators Urge CFIUS Review of Chinese Acquisition of U.S. Semiconductor Company
Last week, five Republican Senators sent a letter to U.S. Department of Treasury Secretary Janet Yellen urging the Department to conduct a Committee on Foreign Investment in the United States (CFIUS) review of Chinese-funded Alphawave IP Group’s intent to acquire U.S.-based semiconductor IP developer OpenFive,
Beijing Revises Regulations on Foreign Investment in Telecom
Starting on May 1, a set of new rules governing foreign-invested telecom companies came into effect. The new rules leave room for the government to lift the current cap on foreign investment in the sector, and to streamline the licensing procedure.
Republican Senators Introduce Bill on SEC Requiring Reporting of Supply Chains Linked to Forced Labor
Six Republican Senators have introduced legislation that would "require the Securities and Exchange Commission to require reporting of sourcing and due diligence activities of companies involving supply chains of products that are imported into the United States that are directly linked to products utilizing forced labor from Xinjiang, China.
U.S. Ambassador to China Comments on U.S.-China Relations and Agriculture Trade
At the recent U.S. – China High Level Agricultural Dialogue in Des Moines, Iowa, U.S. Ambassador to China Nicholas Burns offered his thoughts on U.S.-China relations broadly and on agriculture trade specifically.
Germany Blocks Chinese Takeover of German Medical Company for Health Protection Reasons
The German government has blocked the takeover of a German medical device company by a Chinese company on the basis of public security and health protection.
Indian Minister Wants Tesla Manufacturing in India, Not Importing from China
The Indian government has been pushing Tesla for years to manufacture in India rather than import electric vehicles into India from China. Nitin Gadkari, India's Minister for Road Transport & Highways, reiterated this view last week.
China Announces 11 Month Coal Tariff Cut
Beijing announced that it would temporarily cut tariffs for all coal imports to zero for 11 months, starting on May 1, 2022. As many coal imports already enjoy zero tariffs, it is unclear how much this policy would impact the volume of coal imports.