Washington Update

December 21st, 2018
By Angela Deng

Additional steps taken to implement G20 outcomes amid heightened tension on cybertheft

The United States and China took some additional steps this week to reduce bilateral trade tensions, though the United States announced actions on cyber crime that dampened the mood in the relationship.  

At China’s Central Economic Work Conference this week, leaders promised to implement some structural economic changes to implement the agreement reached by...

November 16th, 2018
Angela Deng, Manager, Government Affairs

China sends a proposal on trade issues to the United States

China tabled a proposal to the United States on Monday that specifies a list of concessions that China is willing to make to address US concerns on bilateral trade issues. USCBC sources reveal that China sent the proposal to the US Department of the Treasury.

Reportedly, China’s proposal categorizes the US list of 142 demands into three parts: items that China is working on, issues that China is willing to continue...

October 22nd, 2018
Angela Deng, Manager, Government Affairs

Treasury strongly criticizes China but withholds from calling it a currency manipulator

In its semiannual report on other countries’ foreign exchange practices, the US Department of the Treasury maintained China on its currency monitoring list, but again refrained from labeling China a currency manipulator.

The findings of Treasury’s new report on China are the same as those of Treasury’s previous report in April. Like its previous report, Treasury placed China on its...

October 5th, 2018
By Angela Deng

Vice President Pence warns of China’s aggression against the United States

In a speech at The Hudson Institute on Thursday, Vice President Mike Pence asserted that China is applying a “whole-of-government approach,” consisting of propaganda and economic, military, and political “tools,” to expand its “influence” and “interests” in the United States. In the face of China’s aggression, Pence vowed that the United States “will not stand down.”

On China’s “economic tools,” Pence...