After the Biden administration issued an Executive Order and proposed rulemaking last week for restrictions on U.S. investment in China, several experts offered commentary on various aspects of the measures, including possible Congressional action, coordination with allies, and China's response.

Chinese officials pushed back against the new U.S. Executive Order that would curb certain outbound investment in China, calling it "blatant economic coercion and tech bullying" and vowing to take countermeasures.

Yesterday, the Biden administration announced the first steps towards executive branch action on restricting new U.S. investment in China in several sectors with a close connection to the development of military technology. Additional Congressional action in this area may follow soon.

Two recent business surveys show that over the first half of 2023, the majority of foreign companies are optimistic about the Chinese market. More companies reported revenue increases than companies reporting revenue losses, and among the latter, Americans firms experienced higher losses compared to other companies.

China's planning agency, the National Development and Reform Commission (NDRC), along with several other agencies, has published 28 measures to bolster the private economy. This is part of the central government's effort to send a signal to boost market confidence.

China's commerce officials revealed more data on China's trade and investment over the first half of 2023 at a recent press conference.

Officials of China's Ministry of Commerce (MOFCOM), National Development and Reform Commission (NDRC) and the State Administration for Market Regulation (SAMR) said on Monday that the government plans to improve the unified domestic market and make it more attractive to foreign capital.