Growth in bilateral trade occurred amid a broader 7.7 percent increase in US-worldwide trade. Several key import and export categories experienced significant growth, including US small electrical appliance imports and aerospace exports.
President-elect Donald Trump has wasted little time in announcing a series of nominations for key positions in his administration as he prepares for his second term. Many, if not all, of Trump’s nominees hold hardline views on China.
President-elect Donald Trump and many other Republicans have made clear their intention to revoke China’s permanent normal trade relations (PNTR) status with the United States, a power that resides with Congress. Some, however, see the need for even higher tariffs than what would result from a so-called clean PNTR repeal, which has led to growing calls for the United States to both revoke China’s status and create a new tariff column entirely—column 3—designed specifically for imports from China.
Nearly 200 countries convened in Baku, Azerbaijan, last month for the 29th UN Climate Change Conference (COP29). Delegates achieved the top priority of this year’s conference, to triple the annual climate finance developed countries provide to developing countries.
China’s top legislative body recently announced a debt swap plan that will relieve local governments from paying a total of RMB 12 trillion (USD 1.66 trillion) of off-balance sheet debt.
Former president and now President-elect Donald Trump’s resounding victory will have serious implications for US companies doing business in China.
China’s new Export Control Regulations on Dual-Use Items, released in October, grant the Chinese government the authority to require a license to export certain covered products, technologies, and services that are found in, or can be used to produce, certain chemical, biological, missile, and nuclear items.
On September 26, the US Department of Commerce’s Bureau of Industry and Security (BIS) issued a proposed rule on securing the information and communications technology and services (ICTS) supply chain for connected vehicles (CVs). The proposed rule would prohibit several types of ICTS transactions, most notably the import of Chinese CVs and certain hardware absent an authorization from BIS.
Data released by the National Bureau of Statistics on October 18 reveals that China’s GDP grew by 4.6 percent in the third quarter of the year, the slowest pace since early 2023.
On September 30, China’s State Council released its finalized Network Data Security Management Regulations, set to take effect on January 1, 2025. The regulations are now the highest-level administrative guidance for implementing the Cybersecurity Law, the Data Security Law, and the Personal Information Protection Law.
