China Trade & Tech

Several lawmakers on Wednesday pitched the Senate Agriculture, Nutrition, and Forestry Committee on how to better track and in some cases restrict foreign ownership of U.S. agricultural land, urging the panel to include legislation in the next Farm Bill. The Farm Bill is set to expire at the end of the month. Agriculture Committee Chair Debbie Stabenow (D-MI) said she hopes Congress can pass a new one by the end of the year. “American farmers and families have raised many...

Most American companies in China believe the business environment there will worsen, with the vast majority worried that Chinese industrial policies will cut into their market share over the next five years, according to the U.S.-China Business Council’s annual members survey. The survey results , released Tuesday, show an increasingly difficult atmosphere for U.S. companies in China. Participants cited U.S.-China relations, data security rules, export controls, investment restrictions and competition with Chinese companies as the most challenging issues. “Other challenges...

The international community should embrace globalization and increased economic integration while rejecting de-risking and new barriers justified by the “small yard, high fence” mantra touted by the U.S., the Chinese government said in a paper released this week. The paper, titled “ A global community of shared future: China’s proposals and actions ” and issued by Beijing’s State Council Information Office, contends that developed countries should focus on closing a widening development gap with developing countries -- and criticizes “bullying,”...

The Commerce Department on Friday published a final rule aimed at ensuring subsidies funded by the CHIPS and Science Act do not benefit China, tweaking its definition of a “foreign entity of concern” to exclude Chinese nationals in the U.S. “One of the Biden-Harris Administration’s top priorities -- made possible by the CHIPS and Science Act -- is to expand the technological leadership of the U.S. and our allies and partners. These guardrails will protect our national security and help...

Republicans and Democrats on the House Energy and Commerce Committee on Wednesday pushed dueling bills aimed at strengthening U.S. supply chain resiliency, arguing over whether to add a new office and assistant secretary to the Commerce Department or just a new program within existing structures. Lawmakers from both parties agree the government should increase its role in providing supply chain transparency, but at an innovation, data and commerce subcommittee hearing titled “ Mapping America’s supply chains: Solutions to unleash innovation,...

U.S. companies doing business in Shanghai have less optimism about their prospects in China than ever before, according to a new survey on the business climate there. The American Chamber of Commerce in Shanghai’s on Tuesday released its 2023 China Business Report, which is based on the results of its annual business survey of companies’ five-year outlooks. The poll “is one of the longest-running surveys of U.S. business in China,” according to a summary of the members-only report. The results...

The Bureau of Industry and Security should immediately take steps to sanction Huawei and the Semiconductor Manufacturing International Corporation and block all U.S. exports to those companies, the chairs of key House committees told the head of the agency on Friday. Reports that Huawei developed a smartphone that uses seven-nanometer chips produced by SMIC, Beijing’s state-owned semiconductor giant, indicate the two companies have violated U.S. export control regulations, they said. “We are extremely troubled and perplexed about [BIS’] inability to...