U.S. medical device giant Boston Scientific announced this week that it is building its first China factory in Shanghai, as a local government official promised "a first-class commercial environment that is market-oriented, governed by law, and internationalized."

At an event held by the Council on Foreign Relations (CFR) yesterday, the two leaders of the House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party, Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi (D-IL), spoke with CFR President Mike Froman about issues

This statement came after China signed the first FTA that contains negative lists for services trade and investment.

Last month, the Beijing government issued a ruling that imposes a US$1.5 million penalty on due-diligence firm Mintz, and provided some details on the legal reasoning behind the investigation that shocked many western businesses and observers.

During this week's trip to China, U.S. Commerce Secretary Gina Raimondo discussed export controls, China's business environment and U.S.-China trade relations at meetings with Chinese officials and made additional statements in media interviews. Here are some highlights of her statements.

At yesterday's press conference, the spokesperson for China's Ministry of Commerce (MOFCOM) commented on the recent U.S. executive order that restricts outbound investment in China, and provided updates on the ongoing trade barrier investigation against Taiwan and China's export controls on gallium and

China's central government recently announced new measures to attract foreign investment. These measures cover policies related to market access, national treatment, data flows, and fiscal and tax support.