China Trade & Tech

Commerce to probe national security threats in vehicle supply chains

The Commerce Department is seeking public comment on how to reduce the national security risks posed by foreign adversaries, including China, in smart vehicle supply chains, according to an advanced notice of public rulemaking issued on Thursday. By 2025, every new vehicle is likely to be a “connected” vehicle, according to the Automotive Edge Computing Consortium , a nonprofit group working on best practices for vehicle computing. Such vehicles use wireless networks to interact with other vehicles, road infrastructure and...

What’s the big idea? Data from 2023 published this week by China’s State Administration of Foreign Exchange shows the country’s foreign direct investment is down a whopping 82 percent compared to 2022. But the Ministry of Commerce says foreign capital in the Chinese market is down just 8 percent. And: State media suggests China’s FDI situation is downright swell, quoting SAFE officials saying that net inflows are as high as they’ve been in two years. What gives? First, the SAFE...

China Trade & Tech

What’s the big idea? China doesn’t export electric vehicles into the U.S. -- at least not yet -- but it is doing everything it can to make the U.S. electric vehicle market a lot more complicated. Chinese EVs face a prohibitive 25 percent U.S. tariff rate, due largely to the duties imposed by the Trump administration under Section 301 of the Trade Act of 1974. Those tariffs, however, are not stopping China from breaking into other parts of the North...

Analysts: More data on U.S. investments in China needed to shape restrictions

The U.S. government needs increased transparency into U.S. investments in China to best tailor restrictions on them, analysts said this week, calling on the Biden administration and Congress to act. “You got to have good data to make good policy,” said Derek Scissors, a senior fellow at the American Enterprise Institute and member of the U.S.-China Economic and Security Commission. “We need by-sector disclosures. We need to know . . . where the money is going.” U.S. government databases on...

BIS ‘know-your-customer' rule seen as precursor to cloud controls

A new Bureau of Industry and Security draft regulation requiring that Infrastructure-as-a-Service providers verify foreign customers could set the foundation for export controls on cloud computing technology aimed at deterring Chinese contravention of advanced semiconductor controls, according to industry sources. BIS last October told stakeholders it was considering controls on IaaS -- a key type of cloud computing that allows users to remotely access infrastructure, such as chips -- in an interim final rule and request for comment. The rule...

China Trade & Tech

What’s the big idea? The U.S. no longer receives most of its imported goods from China. According to Census Bureau data released this week, Mexico now exports more goods to the U.S. than any other country does. But there’s a catch. China exported $427 billion worth of goods to the U.S. in 2023, according to the Census data – a total topped only by Mexico’s $476 billion. But Chinese investment in Mexico is soaring, too – reaching $587 million in...

House panel: U.S. venture capital fuels China’s tech supremacy push

U.S. venture capital is fueling growth in China’s artificial intelligence and semiconductor sectors and contributing to human-rights abuses and Chinese military activities, the House Select Committee on the Chinese Communist Party says in a new report. The report , issued by panel Chair Mike Gallagher (R-WI) and ranking member Raja Krishnamoorthi (D-IL), is based on investigations the committee conducted into five U.S. venture capital firms that were found to have significantly contributed to China’s artificial intelligence sector. It comes as...

China Trade & Tech

What’s the big idea? The rapid development of artificial intelligence is amplifying the threat posed by the Chinese government’s access to the personal data of U.S. citizens. The U.S. has long been worried about China’s access to U.S. personal data, with TikTok the problem child for U.S. officials and lawmakers. TikTok’s parent company is the China-based Bytedance. The Committee on Foreign Investment in the U.S. has for years been reviewing Bytedance’s 2017 acquisition of the lip-sync app Music.ly. Bytedance’s subsequent...

Stakeholders call on BIS to change advanced computing license exception

Business groups are asking the Bureau of Industry and Security to amend a license exception to export controls on advanced semiconductors and semiconductor manufacturing equipment because they believe the exception, intended to ease burdens on exporters, is functioning as a de facto license requirement, among other issues. BIS last October expanded export controls on advanced chips used for supercomputing and artificial intelligence and semiconductor manufacturing equipment destined for China. The interim final rule issued then created a “Notified Advanced Computing”...

China Trade & Tech

What’s the big idea? The U.S. is developing an outbound investment review regime, restricting the export of high-tech chips and semiconductor manufacturing equipment to China and investing in its own technological capabilities. And the European Union, for the most part, is following suit. This week the European Commission proposed bettering its export control coordination and creating an outbound investment monitoring program, and the EU already has invested heavily in its own chipmaking capabilities. But that’s not enough, according to officials...

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