Banny Wang
Senior Manager, Business Advisory Services
Washington, DC
Senior Manager, Business Advisory Services
Washington, DC
Banny works as a business advisory services senior manager at USCBC. Prior to joining the Council, she interned at UNICEF, Atlas Corps, and East IP Law Firm. She received her bachelor’s degree in international relations from the Maxwell School of Citizenship and Public Affairs at Syracuse University, focusing on international law and organizations. While studying at SU, she also minored in Japanese Studies and studied abroad in Osaka, Japan. She is a native speaker of Mandarin, and is professionally proficient in Japanese.
On September 8, the National People’s Congress Standing Committee (NPCSC) reviewed the draft amendment to the existing Foreign Trade Law (FTL), which proposes expanding the law’s legislative objectives to include “safeguarding national sovereignty, security, and development interests.” The amendment also introduces provisions affirming that foreign trade should serve China’s broader economic and social development goals.
By offering an avenue for Beijing to reorient its exports and for Washington to strengthen existing China trade restrictions, third countries are becoming a key front in bilateral trade conflict.
Following President Donald Trump’s announcement of “reciprocal tariffs” on April 2, China swiftly responded with a broad package of retaliatory tools targeting US trade and investment.
Last month, preferential procurement of low-priced medical products under China’s volume-based procurement (VBP) system reignited public debate over the right balance between quality and affordability in the healthcare system. This procurement was prominent during the country’s 10th round of VBP for drugs and 5th round for high-value medical consumables in December.