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
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