The U.S.-China Economic and Security Review Commission invites submission of proposals to provide a one-time unclassified report on supply chain vulnerabilities from China in U.S. federal information technology (IT) procurement. Electronic or hard-copy proposals must be received by 5:30PM (EST) on June 14, 2017.
China’s direct financial linkages with the United States have been growing but remain very modest when compared to the two countries’ trade linkages. Beijing has taken steps to gradually open its financial sector to foreign investors, but U.S. investors have displayed little interest since the reforms are happening as Chinese policymakers impose tighter restrictions on foreign currency conversions and outbound capital flows. Economic and financial developments in China can affect U.S. financial markets more substantially through indirect channels, as was evident in the reaction of U.S. equities to China’s stock market crashes in 2015 and 2016. More broadly, the impact of China’s slowing growth and economic reforms on trade, commodities demand, and investor confidence affects global financial markets, which in turn influence U.S. financial markets.
Highlights of this Month’s Edition
· Bilateral trade: The U.S. goods trade deficit with China rose 1.2 percent year-on-year in the first quarter of 2017; in services, the United States the U.S. trade surplus in China for 2016 hit an all-time high of $37.4 billion.
· Bilateral policy issues: At their first summit, Presidents Trump and Xi agree to reform a flagship bilateral dialogue and launch a 100-day plan for addressing economic and trade issues; the U.S. Treasury does not cite China as a currency manipulator and notes China’s intervention to strengthen its currency; the USTR calls China’s barriers to cloud computing incompatible with its WTO commitments, and identifies market access restrictions and domestic support for China’s agricultural sector; the United States challenges China at the WTO over its failure to fully report its subsidies and launches investigations to protect its domestic steel and aluminum industries.
· Quarterly review of China’s economy: China’s economy grew 6.9 percent year-on-year in the first quarter of 2017, fueled primarily by surging industrial activity, property investment, and credit growth.
This hearing will examine the effectiveness of Chinese censorship mechanisms as well the current reliability of censorship circumvention methods and the implications for the United States of China’s attempts to export its information control practices. It will also address China’s soft power strategy to influence media globally, especially its influence over entertainment and journalism, and it will assess the degree of freedom currently allowed to Chinese and foreign reporters in China. Finally, it will address trends in the regulation of cyberspace, the international implications of China’s concept of Internet sovereignty, and China’s computer network operations doctrine, including how Chinese strategists conceptualize deterrence in cyberspace.
The U.S.-China Economic and Security Review Commission invites submission of proposals to provide a one-time unclassified report on China’s development of advanced weapons. Electronic or hard-copy proposals must be received by 5:30PM (EST) on May 30, 2017.
The U.S.-China Economic and Security Review Commission was created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.