The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
The State Administration of Taxation (SAT) recently requested that approximately 1,000 foreign and domestic companies provide a wide range of tax, financial, and accounting data, raising US-China Business Council (USCBC) member company concern about the intent and intrusiveness of the initiative. USCBC last week met with SAT to raise member concerns and seek clarification of key aspects of the request.
Experts from China and the United States recently met in Washington in the first formal sessions of the Senior Experts Group on International Norms and Related Issues and had ‘”positive, in-depth and constructive” discussions regarding state behavior in cyberspace, as well as international law and “confidence-building measures in the field,” according to Xinhua.
When it comes to forging international agreements the U.S. and Europe are oceans apart from China and Russia in their politics. At the UN, when there is the need for unanimity on the Security Council for action China and Russia are known to be at odds with the West’s decisions. Fortunately, the Paris Climate Agreement broke with this tradition: China and the US jointly set the precedents. Not only was China a signatory, but it actively promoted the agreement, moving ahead of Japan and Europe.
The United States accounts of 14 percent of global healthcare spending. China, home to 22 percent of the world’s population, only accounts for 2 percent of healthcare spending.
