Australian Foreign Investment Review Board Report Offers Latest Data on Chinese Investment Transactions
The Australian Foreign Investment Review Board recently released its annual report covering 2020-2021, documenting the foreign investment transactions it considered during that period. The report offers data related to investment coming into Australia from China.
Beijing Issue Rules to Implement FTA Updates with New Zealand
Chinese agencies recently issued multiple documents to implement the upgrade protocol of the trade agreement between China and New Zealand. The new rules entered into force on April 7.
UK Parliament Discusses Acquisition of Welsh Semiconductor Factory by Chinese Company, Security Review Underway
In the UK House of Lords last week, a question was raised regarding the acquisition of the Newport Wafer Fab, a semiconductor factory in Wales, by the Chinese-owned technology company Nexperia. In response, the UK government has made clear that a national security review of the transaction is underway.
U.S. Senators Introduce "China Trade Cheating Restitution Act"
Recently, a bipartisan group of Senators introduced the China Trade Cheating Restitution Act to address an issue with the payment to domestic industries of certain anti-dumping duties collected on Chinese imports.
China's Internet Watchdog Launches Campaign to Review Tech Firms' Algorithms
China's cyber agency has launched a campaign to promote legal compliance in the use of algorithms by tech companies, according to an official notice published on April 8.
EU Imposes Anti-Dumping Duties on Graphite Electrodes from China
Last week, the European Commission adopted definitive anti-dumping duties on imports of graphite electrodes from China. The duties range from 25.5% to 74.9%.
U.S. Treasury Nominee for Investment Security Position Weighs In on China Issues
At a Senate hearing last week on the nomination of Paul Rosen to be Assistant Secretary of the Treasury for Investment Security, there was some discussion of the U.S. investment screening process as it relates to China, and Rosen emphasized that he takes the threat from China seriously.