A year into the Phase One agreement, the Biden administration is mulling over the deal’s future. Last month, White House Press Secretary Jen Psaki said that the agreement, which is set to run for an additional year, is “under review” as part of a broader examination of Trump-era China policies. Treasury Secretary Janet Yellen noted in her written follow-up to her confirmation hearing that officials are “closely monitoring” China’s adherence to its commitments, “including both the purchase...
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February 10th, 2021
China’s National Health Commission (NHC) has begun a national COVID-19 vaccine campaign. While multiple vaccine trials are still underway, two vaccines developed by Sinovac Biotech and Sinopharm have already been approved for deployment. For many local and multinational businesses alike, there is confusion about available vaccinations under the national scheme, which covers all Chinese citizens but does not explicitly cover foreigners.
February 10th, 2021
Congressional interest in the US approach to China has surged in recent years, resulting in an influx of China-related legislative proposals during the 116th Congress—over 550 bills and resolutions in just 2 years. While 15 proposals were enacted either in standalone legislation or government spending packages, the majority saw no movement.
February 10th, 2021
In March of 2021, China will articulate its cyber priorities within the 14th Five-Year Plan. Recent announcements from Chinese officials promoting technology self sufficiency, becoming a global model in digital technologies, and selectively opening the tech sector to foreign investment provide an early indication of what may be key focus areas in 2021. China is also expected to update two high-profile draft laws, which may pose challenges for multinational companies operating in China.
January 27th, 2021
After years of reports of forced labor and wide-scale internment of the Xinjiang Uyghur population, on January 19, the outgoing Secretary of State Mike Pompeo formally labeled the situation a genocide. The decision reflects the continuous pressure exerted by the 116th Congress on the administration to address human rights concerns in Xinjiang, including a Senate resolution expressing that the Chinese government’s actions amount to genocide and urging the administration to address the issue...
January 27th, 2021
President Biden has inherited multiple US policies taken under the Trump administration to limit US investment in Chinese firms. In particular, a law on US listing standards and an executive order on companies affiliated with China’s military threaten to remove Chinese companies from US exchanges and more broadly, prevent US investors from holding securities of a growing number of Chinese companies. During its final days, the Trump administration pushed for fast implementation of these...
January 27th, 2021
China made several personnel changes at both the central and provincial level over the last few months. China’s previous two ambassadors to the WTO, both of whom worked on the China side of Section 301 consultations, were called to perform leadership duties at the Ministry of Commerce.
January 13th, 2021
On December 30, the European Union (EU) and Chinese government announced that they had agreed in principle to a bilateral investment treaty, the Comprehensive Agreement on Investment (CAI), after 7 years of negotiations. The agreement appears to make modest progress in market access for EU investors in a few sectors, but does not appear to introduce dramatic changes to or openings in China’s commercial environment.
January 13th, 2021
President-Elect Joe Biden’s trade and economic team will face a variety of China-related issues from day one in office. The next US trade representative will have to grapple with what to do with the Phase One trade agreement and tariffs on some $370 billion worth of Chinese goods. The Commerce secretary will be responsible for implementing export control policy and deciding how to move forward with securing the information and communications technology supply chain, including recent orders...
January 13th, 2021
Battered by a global pandemic that took a toll on China’s domestic growth and the economies of its trading partners, China’s economy grew at an anemic 2.1 percent in 2020, the slowest pace in four decades—but also the fastest growth of any major economy. This year, the outlook appears brighter. China’s economy is expected to grow between 7 and 8 percent in 2021, bolstered by loosening virus restrictions, pent up consumer demand, and a slow return to normalcy after nearly a year of demand...
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Key officials discuss why trade crucial
| China Daily |
06/07/2021