New Treasury Department Report Finds China Is Not Manipulating Currency
On December 3, the U.S. Treasury Department issued its biannual report
[https://home.treasury.gov/system/files/206/December-2021-FXR-FINAL.pdf] to
Congress on "Macroeconomic and Foreign Exchange Policies of Major Trading
Partners of the United States." As part of that report, Treasury evaluated
"
Canadian MP Calls for Huawei 5G Ban
During a December 2 session of the Canadian House of Commons, Conservative MP Ed
Fast pressed
[https://www.ourcommons.ca/DocumentViewer/en/44-1/house/sitting-9/hansard#Int-11438928]
François-Philippe Champagne, Minister of of Innovation, Science and Industry in
the Trudeau government, on whether a ban on Huawei
Proposed U.S. CVD Legislation Addresses Chinese Subsidies in Foreign Countries
On December 2, U.S. Representatives Terri Sewell (D-AL) and Bill Johnson (R-OH)
introduced legislation, H.R.6121
[https://www.congress.gov/bill/117th-congress/house-bill/6121?q=%7B%22search%22%3A%5B%22terri+sewell%22%2C%22terri%22%2C%22sewell%22%5D%7D&s=3&
Chinese Trade Development Plan Envisions Expanding Foreign Trade over the Next Five Years
Last month, China’s State Council approved the 14th-Five-Year-Plan on High
Quality Development of Foreign Trade
[http://www.gov.cn/zhengce/zhengceku/2021-11/24/5653009/files/2b503a03727a459eb49fe8e620461744.pdf]
(link in Chinese), which is the development plan for trade over the period of
2021-2025. The document
House Ways and Means Committee Hearing Discusses Chinese Trade Practices
At a December 2 House Ways and Means Committee hearing
[https://waysandmeans.house.gov/legislation/hearings/trade-subcommittee-hearing-supporting-us-workers-businesses-and-environment]
on "Supporting U.S. Workers, Businesses, and the Environment in the Face of
Unfair Chinese Trade Practices," a number of witnesses testified, and
New Congressional Legislation Addresses "U.S. Trade Leadership in the Indo-Pacific and China"
Two Republican members of the House Ways and Means Committee – Darin LaHood (IL)
and Carol Miller (WV) – have introduced the U.S. Trade Leadership in the
Indo-Pacific and China Act
[https://lahood.house.gov/_cache/files/e/7/e725cb55-8d7b-4fa6-ab06-459ff091963a/FB7BEE3A17EBE9498B7064B9DB2F714B.millwv-033-xml.pdf]
. The
Business Groups Comment on Chinese Proposal for Security Assessment of Data Exports
Previously, we reported
[https://www.chinatrademonitor.com/china-proposes-measures-on-security-assessment-for-data-exports/]
that China released a draft measure entitled Measures on Security Assessment of
Data Exports (数据出境安全评估办法(征求意见稿)
[http://www.cac.gov.cn/2021-10/29/c_1637102874600858.htm] (link in Chinese) and
solicited comments that