China Starts Pilot Project to Open Coastal Shipping Routes to Foreign Vessels
Recently, China’s State Council approved a pilot project to open some ports for
foreign vessels to operate coastal shipping. The project will last for three
years, until December 31, 2024. The details of the new policy are still under
development and therefore how many foreign shipping companies can benefit
Taiwan and U.S. Hold Economic Dialogue, Discussing Supply Chains and Other Issues
On November 23, the United States and Taiwan met for the second annual
U.S.-Taiwan Economic Prosperity Partnership Dialogue (EPPD). The two sides
discussed supply chain issues in multiple sectors, including semiconductors,
health products, and electric vehicles.
The U.S. side was led by Under Secretary for Economic Growth,
Evaluating U.S. Trade Leaders' Asia Trip
Last week, U.S. Trade Representative Katherine Tai and Commerce Secretary Gina
Raimondo both visited a number of countries in Asia, meeting with their
counterparts in various governments and putting forward a "framework" for an
Indo-Pacific economic strategy that clearly has China in mind. The details of
China Imposes More Antitrust Fines for Failure to Notify Business Consolidation
On November 20, China’s State Administration of Market Regulation (SAMR) issued
decisions imposing fines on companies involved in 43 antitrust cases related to
anti-competitive practices. Fined companies include major tech companies
Alibaba, Baidu, JD, and Tencent.
According to the SAMR announcement
[http://www.samr.gov.cn/xw/zj/
Chinese Foreign Minister Calls for Mutual Respect, Says Countries Should Not Be Forced To Pick Sides
During a public speech on November 20, Chinese Foreign Minister Wang Yi
emphasized peaceful coexistence with the United States and cooperation with
ASEAN countries. He also stated that no one should "force any third party to
take sides in competition" or "start vicious competition such as decoupling
Commerce Secretary Raimondo Comments on Setting AI Standards with Like-Minded Allies
During an interview [https://www.youtube.com/watch?v=MvvLyCLsw3I] at the
Bloomberg New Economy Forum in Singapore last Wednesday, U.S. Commerce Secretary
Gina Raimondo made the case for setting artificial intelligence (AI) standards
with like-minded allies.
She began by emphasizing the importance of the field, noting that
Biden Administration Emphasizes That U.S. Policy Towards Africa Will Not Force a Choice Between U.S. and China
During a recent trip to several African countries, Secretary of State Antony
Blinken offered some comments on how the Biden administration sees the role of
the United States and China in Africa, emphasizing the positive impact the
United States hopes to have on Africa and deemphasizing the idea of competition