Announcements

12/05/2017
Highlights of This Month’s Edition • Bilateral trade: In October 2017, U.S. goods trade deficit grew 13.2 percent year-on-year to reach $35.2 billion; year-to-date, the deficit reached $309 billion, up 7 percent year-on-year. • Bilateral policy issues: President Trump traveled to China for a presidential summit with President Xi, which culminated in a series of business agreements worth about $250 billion, but no resolutions on higher-priority issues; citing wide-spread shortcomings in China’s economic reform, the U.S. Department of Commerce maintains its classification of China as a nonmarket economy, prompting China to launch a new WTO case against the United States. • Policy trends in China’s economy: China announces plans to relax or eliminate caps on foreign ownership in Chinese financial institutions; NDRC launches third wave of mixed-ownership SOE reforms, seeking to introduce increased private capital in the state sector while simultaneously strengthening government’s role in the economy; Alibaba’s Singles’ Day reaches new sales record of $25.3 billion, eclipsing U.S. Black Friday and Cyber Monday sales. • Sector focus – Commercial Aviation: U.S. and Chinese aviation regulations will recognize each other’s approvals for aircraft and aviation products, likely increasing U.S. imports of Chinese aircraft and aviation.
11/29/2017
The U.S.-China Economic and Security Review Commission submission of proposals to provide a one-time unclassified report on the U.S. role in China’s biotechnology development. Electronic or hard copy proposals must be received by 5:30PM EST on January 10, 2018.
11/27/2017
The U.S.-China Economic and Security Review Commission invites submission of proposals to provide a one-time unclassified report on China’s Internet of Things. Electronic or hard copy proposals must be received by 5:30PM EST on January 5, 2018.
11/15/2017
The Commission released its 2017 Annual Report to Congress on Wednesday, November 15, 2017. Webcast: https://www.senate.gov/isvp/?type=live&comm=uscc&filename=uscc111517
11/03/2017
Highlights of This Month’s Edition • Bilateral trade: In the third quarter of 2017, the U.S. goods trade deficit with China grew 6.7 percent due to increased imports; U.S. services exports to China reach a new record, driven by increases in tourism, financial services, and intellectual property payments. • Bilateral policy issues: In a setback to China’s pursuit of market economy status, the EU adopts a new antidumping methodology and the United States implements new duties on imports of Chinese aluminum; U.S. experts and industry groups highlight several intellectual property and technology transfer challenges in China as part of the Administration’s Section 301 investigation. • Policy trends in China’s economy: China delays a food safety certification program that would put $22 billion of U.S. exports at risk by two years; after lobbying by the EU, China ends a discriminatory ban on soft cheese imports; China’s government announces changes to China’s drug approval process that—if fully implemented—may reduce approval delays for U.S. drugs by several years. • Quarterly review of China’s economy: Chinese government ensures high rate of growth for China’s economy in the run-up to the 19th Party Congress, but problems remain unaddressed. • Sector focus – Electric Vehicles: China transforms into the global electric vehicle leader by leveraging state support and excluding foreign competitors.
10/05/2017
Highlights of This Month’s Edition • Bilateral trade: In August 2017, U.S. goods trade deficit increased 3.1 percent year-on-year to reach $34.9 billion; U.S. exports to China were nearly $11 billion, up 16.3 percent year-on-year. • Bilateral policy issues: President Trump blocks an attempted acquisition of Lattice Semiconductor by a company with links to the Chinese government amid potential national security concerns. • Policy trends in China’s economy: Chinese regulators are putting the brakes on bitcoin and other virtual currencies; U.S. coal and liquefied natural gas exports to China surge due to favorable pricing and growing demand. • Sector focus – Waste and Scrap: China begins closing its waste and scrap market, putting $5 billion of U.S. exports at risk.

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